We reported yesterday on an announcement by Samsung Electronics President Young Sohn that the corporate managed to promote 1 million of the troubled Samsung Galaxy Fold handset.
“And I think that the point is, we’re selling [a] million of these products,” mentioned Young Sohn. “There’s a million people that want to use this product at $2,000.”
Not so quick it appears. Samsung PR has now stepped in to retract the fabric assertion, telling Korea’s Yonhap News Agency that this quantity was in actual fact incorrect and that Sohn had combined up Samsung’s gross sales 2019 goal with the precise gross sales figures.
The unnamed spokesman didn’t reveal the precise quantity offered, besides to verify it was lower than 1 million, however Korean analysts counsel between 400,000 and 500,000 of the $1980 Galaxy Fold handsets had been offered this 12 months, which continues to be a powerful quantity for a really boutique gadget with a troubled historical past.
It’s clear that the demand for Samsung’s foldable is there, provided that regardless of its large price ticket, the Fold offered out immediately in some areas.
Despite not hitting their goal Samsung is already engaged on the Galaxy Fold 2, which is anticipated to be a less expensive, extra sturdy gadget, which ought to presumably do even higher out there.
“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, mentioned. “Prices of foldable phones are expected to go down gradually, and this would push up demand for foldable handsets.”
Here’s hoping Samsung is not going to fold on that quantity too.
