The South Korean firm launched its first ever foldable device at their Unpacked event on Thursday (20.02.19), where it was revealed the product will be bendable in two places.
The head of the mobile division, DJ Koh, said: "Today, Samsung is writing the next chapter in mobile innovation history by changing what's possible in a smartphone.
"We created Galaxy Fold for those that want to experience what a premium foldable device can do, beyond the limitations of a traditional smartphone."
The Fold is essentially two devices in one as when folded it acts as a normal smartphone - but once opened out it is just like a tablet.
The Galaxy Fold will be available from May 3 in Europe, with the US getting hold of it first on April 26.
As previously reported by CNET, members of the company's system software group explained that there will be a 7.3-inch interior display used when its in tablet mode, but when closed up it will act as a smartphone with a 4.5 exterior screen.
Justin Denison, the tech giant's senior vice president of mobile marketing, unveiled the device and revealed it uses a new technology called Infinity Flex Display.
He said: "The Infinity Flex Display represents an entirely new mobile platform.
"We've been living in a world where the size of your screen can only be as large as the device itself. We've added a new dimension to help you browse, watch and multitask like never before."
Meanwile, CSS Insights analyst Ben Wood offered some speculation on whether the new device could become a popular one with customers.
He suggested: "The success or failure of Samsung's first folding phone will depend on how well Samsung has been able to button up the device.
"If it's a slick, attractively designed device it will be a magnet for gadget lovers. If it is bulky and hard to use it will be a tougher sell."