- Samsung is expected to sell six million units of its foldable phone in 2020 and 20 million units in 2021
- Recently, Samsung launched the Galaxy Fold smartphone in India
Samsung Electronics has denied media reports that the company has sold one million Galaxy Fold smartphones globally.
Last week, Samsung Electronics President Sohn Young-kwon said at a conference organised by US tech media TechCrunch that the South Korean tech giant has sold 1 million Galaxy Folds so far, double the industry’s earlier estimate.
As per a recent report by Yonhap news agency, a Samsung spokesperson said Sohn may have confused the figure with the company’s initial sales target for the year, emphasising that sales of the tech firm’s first foldable handset have not reached 1 million units.
Choi Bo-young, an analyst at Kyobo Securities, told IANS that Samsung is expected to sell six million of units of its foldable phone in 2020 and 20 million units in 2021.
He further stated that the prices of foldable phones are expected to go down gradually, and this would push up demand for foldable handsets.
Recently, Samsung launched the Galaxy Fold smartphone in India. The company made the phone available for pre-booking at a price of Rs 1,64,999 online on its online store, Samsung shops, and offline stores in 35 cities across 315 outlets.
According to Samsung, Galaxy Fold has two screens, an 11.684 cm (4.6-inch) HD+ Super AMOLED (21:9) cover display on the front with 840×1960 pixels resolution and a 7.3-inch QXGA+ Dynamic AMOLED tablet screen with 4.2:3 aspect ratio when the phone is unfolded with 1536×2152 pixels resolution. The phone has 12GB of RAM and 512GB internal storage and Samsung is selling the phone in premium cosmos color.
Galaxy Fold is equipped with six cameras on the phone including three on the back when folded in phone mode, one in front in phone mode and two inside in tablet mode. Samsung said that the phone has two batteries on two sides which give a total battery of 4,380mAh.