Credit: Hadlee Simons / Android AuthoritySamsung mobile chief TM Roh says the company absorbed the increased production costs associated with its new foldable phones.Roh claimed that these costs are due to “significant innovations” in the new devices.The Galaxy Z Flip 7 starts at $1,099 while the Galaxy Z Fold 7 starts at $1,999.Samsung launched its new foldable phones this week, and the Galaxy Z Flip 7 has the same price as last year’s model. Unfortunately, the Galaxy Z Fold 7 is more expensive than last year’s phone. However, Samsung has suggested that these foldables could’ve been even more expensive.Samsung mobile chief TM Roh told journalists on the sidelines of the Unpacked event that the company ate some of the production costs associated with these new foldables.