Despite the major fiasco with the Samsung Galaxy Fold at the beginning of 2019, the device is rumored to be faring quite well in most markets. A few media outlets have reported that the Galaxy Fold went out-of-stock soon after being released. Samsung is yet to meet its shipment target of a million units. However, it aims to sell plenty more foldable devices in 2020.
According to Samsung’s CEO DJ Koh, “We plan to significantly increase sales of the Galaxy Fold next year.” Samsung has been testing the market with its different iterations of a foldable smartphone, the latest being the clamshell form factor. Speaking at the annual Samsung AI forum in Seoul, Koh said, “Consumers will witness a large number of foldable smartphones next year”. This statement hints at Samsung’s plans to launch more than one foldable smartphone in 2020.
According to a rumor from a few weeks ago, Samsung plans to sell upwards of 6 million foldable smartphones globally by the end of 2020. DJ Koh did not comment on the statement. Hence, its authenticity is currently unconfirmed. Samsung allegedly was aiming for 10 million units in 2020, but the figure was later corrected to be more realistic. The demand for foldable smartphones is fluctuating at the moment. Nonetheless, Samsung believes foldable display technology is the future of smartphones.
As for when Samsung plans to introduce the next foldable smartphone, Koh said more details will be unveiled shortly, without committing to a tentative deadline. Samsung is not the only company to be working on foldable display technology. But, with its latest innovation, the company is ahead of major competitors like Apple. Whether customers adopt foldable smartphones remains to be seen.
Meanwhile, Samsung needs to iron out the creases with the Galaxy Fold. Certain users have reported the formation of tiny specs on the display within a few hours of use, while another user claims the letters on the Samsung branding began falling out. These are major quality concerns for a smartphone that is priced upwards of $1980. Hopefully, Samsung comes up with a solution soon.
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