Samsung Galaxy Fold 1 Million Sales Figure Announcement Not Correct, Company Clarifies

Samsung Electronics has denied media reports that the business has offered a million Galaxy Fold tablets internationally because the device’s launch in September.

Samsung President Young Sohn said in a seminar organised by US technology websites TechCrunch the South Korean technology giant has offered 1 million Galaxy Folds thus much, double the business previous quote.

However a Samsung spokesperson said Sohn might have perplexed the figure together with the organization’s first revenue target for the calendar year, emphasising that earnings of this technology company’s first foldable handset haven’t attained 1 million units, Yonhap News Agency reported Friday.

Previously, Samsung said it expected to market 500,000 Galaxy Fold worldwide this year.

Many analysts previously anticipated that Samsung would market about 400,000 to 500,000 units of their foldable phone this past year.

Samsung Galaxy Fold: Yay for Your Expertise or Nay for Being Too Pricey?

The Samsung Galaxy Fold, that has a 7.3-inch display that consumers can fold like a publication, officially went on sale in September with a cost of about $2,000 (approximately Rs. 1,41,400).

Industry insiders said Samsung’s foldable mobile sales will pick up next year, with a potential 6 million units sold in 2020.

It’s rumoured that Samsung will unveil its brand new clamshell-style foldable smartphone in February 2020 along with its Galaxy S11 series.

“Samsung is forecast to sell 6 million units of its own foldable telephone in 2020 and 20 million units 2021,” Choi Bo-young, an analyst at Kyobo Securities, stated.

“Costs of foldable phones are predicted to return slowly, and this could push up demand for foldable handsets.”

Source link