Samsung Galaxy Fold Sales Top 1 Million Worldwide Despite $2,000 Price Tag
This entry was posted on December 12, 2019.
Samsung's Galaxy Fold got off to a rocky start after reviewers found out that the device was prone to failure, in part due to a hinge that would allow debris to enter the display panel. As a result, Samsung delayed the launch to rework the hinge, "tuck in" the protective film on the display, and make other minor updates.
The reinvigorated Galaxy Fold debuted in September and has since gone on to meet Samsung’s expectations with respect to sales. In fact, many enthusiasts might be surprised to learn just how many of the smartphones Samsung has sold so far.
While speaking at TechCrunch Disrupt in Berlin, Samsung Electronics President Young Sohn was asked about sales of the device. “And I think that the point is, we’re selling [a] million of these products," said Sohn. "There’s a million people that want to use this product at $2,000.”
One million units might not sound like a lot in the grand scheme of things, but you have to remember that the Galaxy Fold retails for a staggering $1,980. So that fact that the company was able to get a million people to purchase what is by all accounts an expensive laboratory experiment is quite the feat.
Samsung is using the feedback that it has received from the first-generation Galaxy Fold to develop its successor. Rumor has it that the Galaxy Fold 2 will be unveiled on February 18th alongside the Galaxy S11 family of smartphones in San Francisco. Although we don't know anything about the hardware powering the smartphone, it's said that the Galaxy Fold 2 will be a portrait-style clamshell device and we'd imagine that it would be 5G-enabled like its predecessor.
However, reports indicate that the Galaxy Fold 2 will be roughly half the cost of the Galaxy Fold, which could help with Samsung's goal of selling 6 million folding smartphones in 2020.