Samsung Sold Over 10 million Foldable Phones last Year, Eyes on Fold 4 & Flip 4

Galaxy Foldable Market

The first foldable phone Galaxy Fold from Samsung nearly survived and came back after serious issues. As the first foldable phone in a new era, it faces major problems in the design and its hardware. Since then, Samsung has launched more foldable phones, and it is preparing for Galaxy Z Fold 4 & Flip 4 this year. By dealing with such problems, Samsung has achieved a great milestone in the foldable market.

As per the official statement, Samsung has sold over 10 million foldable phones in the last year. It is an impressive number, and it will give a bigger target to the company. As statistics say, Samsung has sold 70% Galaxy Z Flip 3 compared to Z Fold 3.

The main reason for Flip 3’s success is its price range and design. The company launched it with a $999 price point that attracted many first-time users. On the other hand with a heavy price tag, Fold 3 grabbed 30% of customers last year.

Galaxy Foldable Market

In the last year, Samsung has seen 300% growth in the foldable market. It will give a boost to Samsung and also to other phone companies. As per the news, Oppo & Vivo are working on their new foldable devices.

This year, Samsung will announce Galaxy Z Fold 4 & Flip 4 on August 10. Samsung has also announced a $200 discount if users pre-register and buy the foldable phones along with Galaxy Watch 5. Samsung has set a 15 million target for new Z series phones.