At the recent Galaxy Unpacked event, Samsung officially launched its two new foldable smartphones in the market — Galaxy Z Fold3 and Galaxy Z Flip3. Now, the company has revealed its sales target for foldable smartphones this year.
The South Korean technology giant is aiming to sell around 6.5 million units of foldable smartphones by the end of this year. We expect the majority of the portion will be for the newly launched Galaxy Z Fold3 and Galaxy Z Flip3 models.
The numbers shared by the company are far more than 0.7 million units that the company reported for the year 2019. But given the cheaper pricing, advanced features, and offers for the new models, the target seems achievable.
Also, the company is not launching the Galaxy Note-series flagship lineup this year so the focus will be more on these newly launched devices.
Samsung is currently dominating the foldable smartphones market and is expected to do so in the coming years with the lack of credible competition in this segment. After taking an early lead with this new form factor, the South Korean company is doubling down on foldable smartphones and is actively trying to make it a mainstream product.
The Samsung Galaxy Z Fold3 5G starts at $1,799.99 in the United States and is already up for pre-orders and will be available for purchase from 27th August. It comes in three color options — Phantom Black, Phantom Green, and Phantom Silver.
On the other hand, the Galaxy Z Flip3 has a lower starting price of $999 and will go on sale from 27th August. It comes in four colors — Cream, Green, Lavender, and Phantom Black and three more exclusively sold through the Samsung website — Gray, White, and Pink.
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