Samsung just revealed its Galaxy Z Flip phone at an event in San Francisco. Samsung ran ads for the Z Flip during the Academy Awards broadcast on Sunday, but viewers gathered more details about the phone during the event, including the price tag of $1380. The Galaxy Fold, Samsung's first folding phone, had numerous issues with its display and hinge mechanism. Samsung says the Galaxy Z Flip screen is folding glass, not plastic, and added a barrier that will, according to Samsung, keep dust and debris out of the hinge. Watch CNBC's Todd Haselton give his first impressions on the phone.