Chinese electronics company TCL has unveiled a foldable smartphone named !Project Chicago!.
However, it announced that it will not launch it on the market for
reasons such as rising parts prices and weak brand power caused by the coronavirus.
TCL Marketing General Manager said he was planning to sell it for $7999, but if he could spend $799 on a smartphone, he would also be able to spend $999 on his reason for the cancellation of the launch.
This probably seems to be a remark that the price of the Galaxy Z Flip 3 is $999.