> I get the impression they're running out of ideas with the "slate" form factor and are trying to stimulate sales.
I think we've just reached the local maximum of the phone design and adding folding gives two different branches to go down: 1) same size screen unfolded but smaller folded size or 2) folded with an external screen roughly the same size as a normal phone today but it expands to a much larger one unfolded. We'd kind of reached the peak size that people can reasonably pocket so option 2 allows for even bigger screens for people willing to pay without having to have a second device (something like a tablet).
The folds do add functionality and I think there's an impulse that leads people to say they don't see the point of something just because they're not interested in it personally.