At TechCrunch Disrupt in Berlin, the President of Samsung Electronics, Sohn Young-kwon, officially revealed the sales data of the company's first smartphone with a flexible display. According to him, three months after the start of the sales, Samsung managed to sell 1 million Galaxy Folds around the world.
Compared to the sales of other popular flagships that are sold in such quantities in a weekend, this figure does not look impressive. Still, it is worth remembering that the Galaxy Fold, which has a 7.3-inch screen and allows users to fold it horizontally like a book, officially went on sale in September with a price tag of around $2,000.
Later on, however, Samsung Electronics representatives said that the information about selling nearly a million Galaxy Fold smartphones was inaccurate. In fact, the sales of the smartphone with a flexible screen have not yet exceeded the mark of 1 million units.
According to the Samsung representative, the head of the company made a mistake by indicating the planned figures for the current year instead of the actual sales volume. According to analysts, this year’s Galaxy Fold sales can range from 400 to 500 thousand units.
"Samsung is expected to sell 6 million units of its foldable phone in 2020 and 20 million units in 2021," Choi Bo-young, an analyst at Kyobo Securities, said. "Prices of foldable phones are expected to go down gradually, and this would push up demand for foldable handsets."