Samsung on Tuesday unveiled its second folding phone, a "Z Flip" model with a lofty price tag aimed at "trendsetters."

The smartphone flips open, like a pocket cosmetics case, opening into a 6.7-inch screen.

Ultrathin glass that makes up the bending screen can be folded and unfolded more than 200,000 times and resists scratches, according to Samsung.

The Galaxy Z Flip will be available beginning Friday at a starting price of $1,380, head of Samsung product marketing in Rebecca Hirst said at a San Francisco unveiling.

"It changes everything -- space, size, and the very way we use it," Hirst said as she held a Z Flip in the palm of a hand.

Samsung says its new Z Flip folding smartphone fits in a pocket and is aimed at "trendsetters"
Samsung says its new Z Flip folding smartphone fits in a pocket and is aimed at "trendsetters" AFP / Jung Yeon-je

"The Z Flip is a statement smartphone; it is for trendsetters and trailblazers."

When closed, the Z Flip displays notifications such as time and phone calls, and can still be used to take photos.

The new device comes amid growing interest in folding handsets, and a similar "flip" Razr device recently introduced by Motorola.

Samsung also introduced a new Galaxy S 20 Ultra flagship model for its line-up of smartphones synched to new 5G telecommunication networks.

"5G will completely change how we communicate, how we game, and how we engage with the world around us," Samsung head of US mobile product management Drew Blackard said during the presentation.

"This is the year of Galaxy 5G, and it begins right here with the Galaxy S 20."

Samsung