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

Europe

Samsung Electronics has denied media experiences that the business has marketed one particular million Galaxy Fold smartphones globally considering that the device’s start in September.

Samsung President Younger Sohn claimed at a meeting organised by US tech media TechCrunch that the South Korean tech huge has sold 1 million Galaxy Folds so considerably, double the industry’s before estimate.

But a Samsung spokesperson claimed Sohn could have baffled the determine with the firm’s first product sales concentrate on for the yr, emphasising that product sales of the tech firm’s initial foldable handset have not achieved one million models, Yonhap Information Company reported on Friday.

Before, Samsung claimed it anticipated to promote 500,000 Galaxy Fold globally this yr.

Numerous analysts formerly anticipated that Samsung would promote about 400,000 to 500,000 models of the foldable cellphone this yr.

Samsung Galaxy Fold: Yay for the Experience or Nay for Being Too Expensive?

The Samsung Galaxy Fold, which has a seven.three-inch monitor that customers can fold horizontally like a reserve, formally went on sale in September with a price tag tag of all-around $two,000 (about Rs. one,41,400).

Sector insiders claimed Samsung’s foldable cellphone product sales will choose up following yr, with a doable six million models marketed in 2020.

It is rumoured that Samsung will unveil its new clamshell-style foldable smartphone in February 2020 along with its Galaxy S11 sequence.

“Samsung is anticipated to promote six million models of its foldable cellphone in 2020 and 20 million models in 2021,” Choi Bo-younger, an analyst at Kyobo Securities, claimed.

“Rates of foldable telephones are anticipated to go down step by step, and this would force up need for foldable handsets.”

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