Samsung had teased the new phone during the Oscars on Sunday night, but outside of that, we didn't know a lot about the phone -- besides the fact it existed -- before Tuesday's Unpacked event.
Here are some key facts you should know:
The Z Flip has a 6.7-inch display when opened.
There's a small display on the front, but you won't get much done on it.
It launches on Friday, Feb. 14.
It will cost $1,380
Samsung Galaxy Z Flip: Pricing and availability
It's far less expensive than the Galaxy Fold
That's less than Motorola's new Razr, as well
The Galaxy Z Flip will launch on Friday, Feb. 14 in retail stores and online. With the launch just a few days away, there isn't a preorder. It will cost $1,380.
Samsung Galaxy Z Flip: Design
The Z Flip opens vertically, like an old flip phone.
A small display on the front reveals time and notifications.
When open, the Z Flip looks very similar to most typical smartphones. It has a 6.7-inch display with a hole-punch cutout centered along the top of the screen. When it's closed, however, it transforms into a nondescript rectangle that doesn't resemble a smartphone.
The small display on the front of the phone (when closed) will show you any notifications or incoming calls. When viewing a notification on the small screen and you open the phone, the proper app and alert will automatically be waiting for you.
There's a USB-C port for charging, a fingerprint reader on the side of the phone, but no headphone jack.
Samsung is using ultra thin glass to protect the phone's display from scratches, while not prohibiting its ability to bend and fold.
Samsung Galaxy Z Flip: Features
Samsung didn't spend a lot of time walking through features.
Design was the main focus.
It can be opened to different angles, thanks to Flex mode.
There's no 5G.
The Z Flip will run Android 10, bringing with it all of the standard features from Google and Samsung. Outside of demoing Flex mode, the company didn't spend a lot of time going over Z Flip features.
Flex mode uses the hideaway hinge to hold the display in place, halfway open, or at an angle, which should make it easier to do things like take a selfie with the phone on a flat surface, or use the rear cameras to take long-exposure photos without the need for a tripod.
Flex mode also splits the top and bottom half of the main display into two, smaller 4-inch displays; viewing one app on the bottom, and another on the top.
While the Galaxy S20 lineup all comes with 5G, the Z Flip is an LTE-only phone.
Samsung Galaxy Z Flip: Specifications
Operating System: Android 10
Processor: Qualcomm Snapdragon 855+
Main display: 6.7-inch FHD+ Dynamic AMOLED, Infinity Flex