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.

Editor’s Pick: Samsung Galaxy Fold 4G is finally up for grabs in China, Priced slightly higher than the U.S.

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.

UP NEXT: Xiaomi Mi Watch vs Apple Watch Series 5 vs Huawei Watch GT 2 vs Samsung Galaxy Watch Active 2 : Specs Comparison

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During the launch of the Galaxy S10 series yesterday, Samsung made a startling revelation about the sales of the Galaxy S series. Samsung has been silent about sales figures all this while but the company’s CEO DJ Koh disclosed that the tech giant has sold a whopping 2 billion Galaxy smartphones since the first set of models first left the factory in 2010

This revelation explains why Samsung has remained the number one smartphone manufacturer globally The Korean company has continued to hold this title since 2012. A few years back, Samsung looked untouchable on top of the charts but not anymore. Chinese giant Huawei is presently mounting a strong push for the top spot. With the several controversies bedevilling Huawei, that may not happen anytime soon.

Read Also: Samsung Galaxy S10, S10 5G, S10+and S10e price and availability

DJ Koh did not break down the sales figures but it is believed that it encompasses all Galaxy models ranging from the Galaxy S and Galaxy Note and perhaps the Galaxy A, Galaxy C, Galaxy J, and Galaxy On lineups among others. Also noteworthy, is the closeness of Samsung’s Galaxy phone sales to Apple’s announcement back in September that it had sold almost 2 billion iOS devices since 2007. Samsung may have even performed better as this figure is for the Galaxy phones but Apple’s figure includes iPad and iPod shipments whereas Samsung’s is just smartphones. In addition, while Apple iPhones went on sale in 2007, Samsung rolled out the first Galaxy S smartphones in 2010, three years later. So, an impressive feat it is.

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Samsung’s mobile division seems to be in “crisis”, as revealed a new report from The Korea Herald. Samsung mobile division’s CEO DJ Koh apparently made a comment in the internal messages to the employees, colleagues about the current condition of the division. Koh added that they are eyeing for the next year’s flagship devices to do some magic.

Particularly, DJ Koh said that Samsung mobile division is struggling to maintain its position. He further added that he will do his best to save the company from going into the crisis. Samsung mobile division has now pulled up everything for the upcoming flagship devices like Galaxy S10 and the new foldable device. They are looking for good sales from both these devices in the upcoming year.

Samsung is already facing tough competition in different markets from Chinese OEMs. Even, if we talk about some big markets than manufacturers like Huawei, Xiaomi, Vivo, and Oppo are churning the Korean giant’s market share. They are offering better specs and software at a much affordable price. Reeling under the pressure from the new players in the market, Samsung Q3 2018 profit went down to ~$399 million compared to Q2 2018’s 2.67 trillion won. It is not a huge drop, but it affects the overall value of the company.

Despite all these hurdles, Samsung has still remained the number one global smartphone brand around the globe. Well, the picture looks quite clear and good from outside, but within the company, things are different.

Now, the Korean giant is looking for its foldable smartphone sales to overcome the decline in profits. Even, Galaxy S10 is also expected to boast some extraordinary features this time to give some tough time for its competitors. Right now, the guns are on an entirely new product line, a foldable smartphone which is going to be available by early next year. It is the only device which could boost Samsung mobile division’s depleting monetary stocks.

The Korean giant will soon do some organizational shuffling, in order to increase the overall productivity of the firm.

• Read More: Samsung’s foldable phone 3D renders reveals its marvelous appeal

Right now, it is quite difficult to predict whether the Galaxy S10 will gain momentum or not? or its foldable device will garner good acceptance? Clouds are hovering over the Samsung’s Mobile division, but we are sure that they will overcome it soon.

What are your views about this whole scenario? Share your thoughts via comments below.

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Yesterday, South Korean media had reported that Samsung’s first foldable smartphone may get introduced in December 2018. During a press conference at the ongoing Consumer Electronics Show (CES) 2018, Samsung’s chief for mobile business, DJ Koh confirmed that the company’s first foldable smartphone would be unveiled in 2019.

Last year, Koh had said that Samsung will be launching its first foldable phone in 2018 only if it manages to overcome all the technical glitches. According to Koh, the UX of the foldable phone has been its biggest obstacle and the company has been actively working to resolve this problem. However, yesterday’s report had claimed that Samsung may begin the mass production of the foldable phone in November to launch it in December.

The South Korean publication had also revealed that the foldable phone by Samsung would be equipped with fold-in design. It would generally appear like a smartphone and by opening it like a book, users will be a larger screen of 7.3 inches. Hence, by unfolding the device, users can use it like a tablet.

Read More: Samsung Notebook 9 Pen Is Official At CES 2018: A Hybrid Between A Galaxy Note And A Notebook

Some rumors had claimed that the upcoming Galaxy S9 and Galaxy S9+ may get unveiled at the CES 2018 event. Koh clarified that the Galaxy S9 and Galaxy S9+ will be unveiled in the next month through the Mobile World Congress (2018) event that will be held in Barcelona, Spain.

Since the Galaxy S9 duo will be unveiled in February, their sales are expected to begin in March. Last year, the South Korean company had unveiled the Galaxy S8 and Galaxy S8+ in March and began selling them in April. Koh added that Samsung will be launching Bixby 2.0 later this year and it will be made available on all the Samsung devices by 2020.

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Speaking at an interview in Taiwan during the weekend, the CEO, DJ Koh said plans are underway to release the Galaxy Note 8 in August. He then said availability will be in two phases. The US, UK and Samsung’s home country will get the phone first in September while the rest of the world gets it in October.

Samsung is aiming for an early release so that sales do not coincide with that of the new iPhones.

The new Galaxy Note 8 will be the direct successor to the ill-fated Galaxy Note 7 which had to be recalled. This was due to issues with its battery which caused it to burst into flames and made it dangerous to use.

Samsung later re-launched the phone has a refurbished version this month, calling it the Galaxy FE. It is currently available in South Korea and may launch globally later. The phone now comes with a smaller battery, a Snapdragon 821 processor and Samsung’s new assistant called Bixby.

READ MORE: Samsung Galaxy Note Fan Edition Teardown Reveals Internals

Previous reports had put the Galaxy Note 8′ launch on August 23 and while the CEO didn’t state the exact date, we know it is definitely late August.

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There have been quite a lot of leaks this month alone relating to Samsung’s next flagship, the Galaxy S8. Today what we have comes from Samsung itself and it has to do with the launch of the phone.

The company’s mobile chief DJ Koh told Reuters today that the Galaxy S8 will not be announced during Mobile World Congress which is slated to hold between February 27 and March 2. While not giving a launch date, chances are that earlier rumors about the device being unveiled in late March might be true since MWC will have been wrapped up by then.

The Galaxy S8 is said to have two variants this year: the regular 5-inch version and a larger 6-inch variant. Both are expected to have dual-curved displays, 8GB of RAM, 8MP front facing cameras with autofocus, and stereo speakers.

READ MORE: Samsung Android Nougat Update News: List of Eligible Smartphones Revealed

The S8 is also likely to ditch its home button/fingerprint scanner and will instead have the scanner embedded under the front glass. Leaked pricing is also on the high side for the Galaxy S8 as rumors put it at starting at $849.

(Source)

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