Samsung is reportedly setting its sights on selling 20 million units of its Foldable Phones in 2024, according to a reportThe Elec. The target includes sales of the existing Galaxy Z Fold5, Z Flip5, as well as the upcoming Galaxy Z Fold6 and Z Flip6 next year.
This goal comes after an expected shipment of 10 million Foldable phones this year, which includes 3 million units of the Galaxy Z Fold4 and Z Flip4, along with 7 million of the current two models. In previous projections, Samsung aimed to ship 16 million foldable phones in 2023.
The report suggests that Samsung has been caught off guardHuawei’s foldable phone offerings. Despite the limitations imposedUS sanctions, Huawei has managed to launch thinner and lighter foldables, such as the Mate X3 in April and the Mate X5 in September. In contrast, Samsung has faced criticism for its design, which includes a noticeable crease and an awkward tall aspect cover display.
However, the report indicates that Samsung plans to address these concernsintroducing a major redesign of the Galaxy Z Fold6 in 2024. This suggests that the company is committed to improving its foldable phone offerings and staying competitive in the market.
Overall, Samsung’s ambitious goal of selling 20 million foldable phones in 2024 highlights the company’s belief in the potential of this innovative technology. As the foldable phone market continues to evolve and competition increases, it will be interesting to see how Samsung’s redesign and future models fare in capturing consumer interest and driving sales.
Definitions:
– Foldable phone: A smartphone with a flexible display that can be folded, allowing for a larger screen size when unfolded and a more compact size when folded.
– Huawei: A Chinese multinational technology company known for its telecommunications equipment, consumer electronics, and smartphones.
– US sanctions: Restrictions imposedthe United States government on certain activities or trade relationships with specific countries or companies.
Sources:
– The Elec
Samsung Sets Ambitious Goal of Selling 20 Million Foldable Phones in 2024 .
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