One of the most iconic mobile phones in history may be poised to make a comeback, as it looks like the Motorola Razr is set to return as a $1,500 foldable smartphone. The announcement of the upcoming phone has yet to be confirmed, so for now we have to take it as a rumor.

Motorola is now owned by Lenovo, and it looks like the company is looking to cash in on the nostalgia many phone owners feel for the Razr. For many, this was the first «cool» cell phone they’d ever owned, so it would make sense for the company to try and target owners of the original phone.

And if $1,500 is out of your budget, the Moto G5 Plus is a much more economical option from the same company.

What we know about the new Razr so far

The phone is scheduled to launch in February and will be exclusive to Verizon in the US, according to the Wall Street Journal.

The report says it will be a foldable phone, which means Lenovo and Motorola could outsell Samsung in the foldable screen device market.

Unfortunately, we don’t know too much about the phone. According to Digital Spy, the device will have a Snapdragon 855 processor and will apparently have a foldable OLED touch screen that won’t fold or pop, but that’s about all we know at the moment.

The less exciting part of the rumors is the price, as it looks like the phone will cost $1,500. To put that price down, the 128GB Google Pixel 3 sells for $999. Obviously, we don’t have another foldable phone to compare to this one, but we can definitely say that it won’t be an inexpensive smartphone by any means.

It’s the new Razr, yes it is

As mentioned, the phone is rumored to hit the market as early as February, so we won’t have to wait long to hear more specific details about its specs and features.

The WSJ report indicated that Lenovo plans to release 200,000 luxury phones, so while that won’t necessarily be capped, it looks like there will be a limited number of units available.

Interested in learning more about foldable phones? Check out our description of what to expect from the upcoming foldable phone.

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