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New technology comes at a price. The have spent billions on R&D and this is a way to get some of the investment monetized. It is likely to be a niche product to test the technology and the market. Most likely in a couple of years we will have foldable screen phones that go for less than $1000

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There are no termites in colder climates. The material can be coated to precent any insect from eating it. If you think avout what happened in New York 15 years ago today one might argue steel and concrete burn just as well as wood