Samsung hopes to sell 15 million foldable phones this year

Samsung has been a leader in the foldable phone market since it launched the Galaxy Fold in 2019. The company has since released several other foldable models, including the Galaxy Z Flip5 and the Galaxy Z Fold5. According to a report from Notebookcheck.net, Samsung grabbed around 80% of all foldable smartphone sales in 2022. In 2021, Samsung sold almost 10 million folding phones, which is a 300% increase from 2020. With the growing popularity of foldable phones, Samsung hopes to sell 15 million foldable phones this year.

Enterprise Demand for Foldable phones Doubles

Samsung has seen significant adoption of foldable smartphones as enterprise demand doubles. The number of Galaxy Z Fold and Galaxy Z Flip smartphones sold for enterprise use has more than doubled year on year. From January to October 2022, the number of foldable smartphones Samsung contracted to enterprise customers increased by 105% compared to the same period in 2021. This growth in investment demonstrates the enterprise customers’ need for meaningful innovations to enhance workforce productivity.

Galaxy Z Fold4 and Z Flip4

Samsung’s latest foldable phones, the Galaxy Z Fold4 and Z Flip4, are designed to offer a more flexible way to work. The Galaxy Z Fold4 transforms into a tablet with an expansive 7.6” screen, allowing users to see more and do more. The Galaxy Z Flip4 is a clamshell-style phone that folds in half, making it more compact and easier to carry around. Both phones are 5G compatible and come with a range of features designed to enhance productivity.

Conclusion

Samsung has been dominating the foldable phone market for a few years now. With the growing popularity of foldable phones, the company hopes to sell 15 million foldable phones this year. The enterprise demand for foldable phones has doubled. Samsung’s latest foldable phones, the Galaxy Z Fold4 and Z Flip4 are designed to offer a more flexible workability. With their 5G compatibility and range of features, these phones are perfect for enhancing productivity.