Samsung has just reported an interesting sales detail related to the foldable smartphone market. Apparently, the company sold more foldable handsets during the launch month of the Galaxy Z Fold3 than its entire shipments last year.
According to an official press release (Via CNet), the South Korean tech giant shipped around four times more foldable phones in a month than its entire 2020 shipments. The sizeable jump in sales is solely attributed to the launch of the Galaxy Z Fold3 and Galaxy Z Flip3 back in August 2021. Both models here well received across the globe, which help boost foldable sales eclipse last year’s shipments a couple of times over.
For those unaware, the Galaxy Z Fold3 and Galaxy Z Flip3 are currently the latest foldable models from Samsung and arrive with various improvements over their predecessors. The former is the top end variant that costs around 1,800 US Dollars while the latter is more affordable of the two and usually retails around 999 US Dollars. While the company did not reveal any shipment figures officially, the news is in line with a previous report from Counterpoint Research, which estimated that the company will ship over 9 million foldable units in 2021.
This figure alone is around three times more than the overall shipments last year. Notably, the company also held dominance over the entire segment, with its foldable phone market share being around 88 percent last year. Its strong presence in the market is expected to carry over this year as well, although, newer foldable models from new rivals entering the market would likely lower this in the coming years. A recent entry in the market includes the Oppo Find N, with Huawei also recently launching its P50 Pocket folding phone as well.
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