According to the leak, the Fold 7 will run on the Snapdragon 8 Elite chip and feature a 6.5-inch external display paired with an expansive 8-inch internal screen. The main camera clocks in at a jaw-dropping 200 megapixels, while the front-facing camera is reportedly a 10 MP shooter with a wide 100-degree field of view.

Now that it's official, the next Galaxy Unpacked on July 9 will take place at 10:00 a.m. ET / 7 a.m. PT / 3 p.m. BST in Brooklyn, New York. The event will be streamed live on Samsung Newsroom, Samsung.com, and Samsung's YouTube channel.

The Samsung Galaxy Z Fold 7 could be a seriously expensive phone, but there's hope that it might not cost more than last year's model.