Samsung just introduced a wildly ambitious, $2,000 foldable phone — here's how it works

• On Wednesday, Samsung finally unveiled its long-rumored folding smartphone, the Samsung Galaxy Fold.
• The device is billed as a two-in-one: a smartphone and a tablet. As such, it costs nearly $2,000.
• So, how does it work? Let's see!

After months of leaks and speculation, Samsung's folding smartphone was finally unveiled on Wednesday. 

The new device is known as the Samsung Galaxy Fold, and it's promised to be two devices in one: a Samsung Galaxy smartphone and a Samsung Galaxy tablet. As such, it comes with the hefty price of $1,980. 

So, what are you getting for all that money? And how does it work? Let's find out:

First things first: Yes, it folds. Here's what that looks like!

The idea is simple: The Galaxy Fold operates like a normal smartphone until you open it up, at which point it becomes a small tablet.

As seen here, the Galaxy Fold literally folds. Here's a look at the hinge when the device is closed, in smartphone mode: