Whats the point of the Galaxy Fold phones?

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I was under the impression that the Fold phones were standard phone size but could be unfolded to the size of a tablet. Yet on videos/pics Ive seen people are cradling the phone in one hand unfolded. I wouldnt call that tablet sized at all. accoding to the specs its barely an inch bigger than a Note. Tablets screen in comparison to phones are far bigger than an inch in difference. If thats all you get why even have a fold when you can get a Note and pay $1000 less?

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