Samsung's upcoming Galaxy Z Fold 5 will feature a new "droplet" style hinge design. image credit: Google

The hinge design is internally referred to as a "dumbbell" hinge. image credit: Google

The design is expected to lessen the display crease on the device. image credit: Google

The device is expected to be released in August 2023. image credit: Google

The device may also be water resistant with this new hinge design. image credit: Google

Samsung Galaxy Z Fold 2 and Z Fold 4 also featured new hinge designs. image credit: Google

Samsung officially announced the launch date of the Galaxy S23 series on February 1st. image credit: Google

The launch event will be the first in-person event after the outbreak of the Covid-19 pandemic. image credit: Google

The event will also be live-streamed on the company's official website. image credit: Google

Samsung is expected to unveil more information about the Galaxy Z Fold 5 during the event or later. image credit: Google