Samsung, the renowned Korean giant in the smartphone industry, is expecting a significant surge in sales of its foldable smartphones this year. With an ambitious goal of selling 50% more foldable devices compared to last year, Samsung is banking on the surging popularity of these innovative phones.
In 2020, Samsung managed to sell nearly 10 million units of foldable smartphones, a remarkable feat in itself. Out of those sales, the Galaxy Z Flip 4 accounted for a majority of 60%, while the remaining portion was covered by the Galaxy Z Fold 4. However, this year the company predicts that the total foldable smartphone market will surpass 20 million units.
In order to achieve this target, Samsung has set an ambitious sales goal of 15 million units for its upcoming releases, the Galaxy Z Flip 5 and Galaxy Z Fold 5. If they manage to achieve this feat, they will secure a staggering 75% market share in the foldables category.
Samsung’s primary focus is to popularize foldable smartphones and attract a larger customer base. The company sees immense potential in the Galaxy Z Flip 5, especially in its home country of South Korea, where it anticipates a surge in demand.
Excitingly, the wait for these highly anticipated devices is almost over, as they are now available for pre-order. The official release date has been set for August 11, giving customers a chance to experience the next level of smartphone technology.
Samsung’s dedication to innovation and its commitment to providing cutting-edge smartphones has enabled the company to dominate the market. With its foldable phones gaining immense popularity and the launch of the Galaxy Z Flip 5 and Galaxy Z Fold 5 imminent, Samsung is poised to solidify its position as a leader in the smartphone industry.
“Travel aficionado. Incurable bacon specialist. Tv evangelist. Wannabe internet enthusiast. Typical creator.”