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Samsung drops Galaxy Z Fold 2 price by $200, launches referral program

The company's high-end foldable now costs $1,800 and comes with an additional monetary incentive to help spread the word.

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Galaxy Z Fold 2

Two Galaxy Z Fold 2 phones side by side. 

Juan Garzon/CNET

The Galaxy Z Fold 2 on Friday saw its first major price drop, with the phone now available on Samsung's website for $1,800, a discount of $200 compared with its previous price. 

Additionally, current Galaxy Z Fold 2 5G and Galaxy Z Flip owners can use the Samsung website or Samsung Members app to share a unique referral code that gives friends or family $100 off the purchase of a Fold 2 or Flip phone. The referring friend then gets a coupon code for $100 off anything in the Samsung store.

Though still facing a relatively lukewarm reception from consumers, the foldables category has expanded in recent years with devices from Samsung, Motorola and Huawei. When the Galaxy Z Fold 2 was released in 2020, CNET's Jessica Dolcourt said it exuded "confidence and competence" and improved on the original Galaxy Fold in nearly every way.

Correction, April 5: This story originally misstated the details of the referral program. The recipient of the discount code can only use it to take $100 off the purchase of a phone; the sender gets $100 off anything.