Motorola was amongst the first companies to announce a foldable phone back in 2019 but it failed to make a dent in the nascent market. The first version was followed up by a slightly better 5G variant in 2020 but the company held off releasing a new model in 2021. Rumors had said during that time that the company was working to revamp the design and that the third iteration would be more of a flagship phone.
It will initially only be available in the color Quartz Black but Motorola may introduce a new Tranquil Blue option down the road. The Razr 3 will allegedly be released in China later this month or in August and it will hit international shelves later this year.