Samsung has set an ambitious target of selling 20 million Foldable smartphones2024, according to a reportThe Elec. This goal would double the expected shipment of 10 million foldables for this year.

The Korean tech giant plans to include the sales of its upcoming models, the Galaxy Z Fold 6 and Flip 6, as well as its current generation of foldable phones, the Z Fold 5 and Flip 5, to achieve these numbers.

However, Samsung faces tough competition in the foldable hardware market. The Motorola Razr and Razr Plus, along with the Google Pixel Fold, offer alternative options to Samsung’s flagship-level foldable phones with similar pricing, camera functionality, and outer display.

Additionally, emerging brands like Xiaomi, Huawei, and Honor are also stepping into the foldable smartphone space with their own iterations, pushing the boundaries of innovation. For example, Honor recently launched the Magic V2, which is touted as the thinnest and lightest book-style foldable device, outstripping Samsung’s offeringabout 4mm.

To stay ahead of its competitors, Samsung is rumored to be working on a thinner display for the Galaxy Z Fold 6. While the Z Fold 5 is already 2mm thinner than its predecessor when folded, details about the exact thinness of the Galaxy Z Fold 6 have not been revealed.

Nevertheless, Samsung will need to significantly increase its sales numbers as this year’s updates have fallen short of expectations. The company expects to ship 10 million foldable smartphonesthe end of the year, highlighting the need to double its sales to reach the 20 million target set for 2024.

Sources:
– The Elec

Samsung Aims to Sell 20 Million Foldable Smartphones2024: Report .

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