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Samsung now contradicts selling 1 million units of Samsung Galaxy fold

Samsung President recently claimed that the company sold 1 million units of the foldable handset globally, but actually they did not

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Recently Samsung’s President Young Sohn announced that the company has managed to sell 1 million units of Samsung Galaxy Fold. But now the company’s spokesperson disaffirms the media reports on the statement released by the company’s president that it sold a million units globally.

Samsung’s spokesperson has released a fresh statement that denies what its company’s President said at a conference in Berlin with regard to the Samsung Galaxy Fold’s sales. To recall he said that, “And I think that the point is, we’re selling [a] million of these products. There’s a million people that want to use this product at $2,000.”

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As per a report by a news agency the spokesperson now says that the Sohn might have confused the figure with the company’s initial sales target for the year. This clearly hinted that the company was not able to sell 1 million units of the foldable phone. The company expected to trade 5,00,000 Galaxy Fold across the world this year. Also, it was being analysed that the company will manage to sell around 4,00,000 to 5,00,000 units of Galaxy Fold this year.

Samsung introduced Galaxy Fold at MCW 2019 and went on sale in September with a price tag of $2000. In India, it arrived in September at Rs 1,64,999.

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According to industry insiders, the sale of Samsung Galaxy fold will rise next year with a possible million units to be sold in 2020.

The report says that an analyst at Kyobo Securities, Choi Bo-young said, “Samsung is expected to sell 6 million units of its foldable phone in 2020 and 20 million units in 2021. He further added that “Prices of foldable phones are expected to go down gradually, and this would push up demand for foldable handsets.”

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Besides this, the company is also working on another variant of Galaxy fold that would come with a clamshell design just like Motorola Razr. And is slated to have better technical specifications that the Moto Razr.

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Komila Singh
Komila Singhhttp://www.gadgetbridge.com
Komila is one of the most spirited tech writers at Gadget Bridge. Always up for a new challenge, she is an expert at dissecting technology and getting to its core. She loves to tinker with new mobile phones, tablets and headphones.

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