As people are slowly warming up to the idea of a foldable smartphone, Samsung wants to grab a big chunk of the market next year. The company has reportedly sold only around 500,000 units of the Galaxy Fold worldwide, but it has an ambitious sales target for the lineup in 2020.
ETNews reveals that Samsung is aiming to sell nearly six million foldable smartphones in 2020. That’s quite an ambitious target for a phone featuring a yet-to-be-proven design and a price tag that’s out of reach for a majority of smartphone users. However, the report states that Samsung’s confidence in the foldable form factor has increased after the launch of the device. In fact, the company even considered setting a target of ten million foldable sales next year, only to bring it down to a more conservative 6 million. This is still higher than the IHS Markit estimate of just 3 million foldable shipments in 2020.
The Galaxy Fold has already launched in major markets across the globe like South Korea, U.S., India, and will land in markets such as Japan, Poland, Mexico, and Switzerland later this month. Samsung should announce the successor to the Galaxy Fold around early 2020. It is expected to feature a clamshell design and should be more robust than the current generation model. The new model will reportedly shift from polyimide to ultra-thin flexible glass to remove the crease that’s visible on the current generation version. The company already has a patent for a square clamshell foldable design, and you can take a look at it here.
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