Speaker module and electronic device, including the same

An electronic device comprising:

• a first housing;
• a second housing configured to be unfolded by a specified angle with respect to the first housing and rotate about a folding axis;
• at least one hinge structure including a hinge providing the folding axis and disposed between the first housing and the second housing to rotatably connect the first housing and the second housing;
• a hinge cover accommodating at least a portion of the hinge structure therein and selectively exposed based on the rotation of the second housing;
• a first speaker module including a speaker accommodated in the first housing;
• and
• a second speaker module including a speaker accommodated in the second housing,
• wherein in a first state where the first housing and the second housing are unfolded by less than a reference angle with respect to the folding axis, the first speaker module is configured to discharge sound to the outside of the electronic device via a first area, a second area, and a first through-hole,
• wherein the first area is provided in the first housing,
• wherein the second area is provided in the hinge structure and is in contact with the first area, and
• wherein the first through-hole extends through the hinge cover, is exposed to the outside in the first state, and is selectively closed based on the rotation of the second housing.