Samsung's Ambitious Plan: 20 Million Foldables to Ship by 2024

2023-10-20 17:21:01

Samsung Aims to Ship 20 Million Foldable Phones in 2024

Samsung has set an ambitious target of selling 20 million foldable phones in 2024, according to a report by a Korean outlet. The company plans to achieve this goal by offering a range of models, including the existing Galaxy Z Fold5 and Z Flip5, as well as the upcoming Galaxy Z Fold6 and Z Flip6. This represents a significant increase from their previous shipment target of 16 million units for 2023.

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In their efforts to capture a larger share of the foldable phone market, Samsung aims to ship 10 million units this year alone. This includes 3 million units of the Galaxy Z Fold4 and Z Flip4, as well as 7 million units of the current models. However, the company faces tough competition from Huawei, whose thinner and lighter foldable phones have gained popularity despite the limitations imposed by US sanctions.

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Samsung is aware of the criticism surrounding the design of their foldable phones, which feature a noticeable crease and an awkwardly tall aspect cover display. As a result, the company plans to introduce a significant redesign of the Galaxy Z Fold6 in 2024.

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It's no secret that Samsung is setting its sights high in the foldable phone market. The company aims to ship an impressive 20 million foldable phones by 2024, which will include their latest models such as the Galaxy Z Fold6 and Z Flip6. This ambitious goal comes as Samsung faces tough competition from Huawei, whose foldable phones have gained recognition for their slim and lightweight designs.

Despite having access to advanced technology, Samsung has faced criticism for its current foldable phone design, which features a crease and a tall aspect cover display that some users find awkward. However, Samsung is not one to shy away from innovation, and they have plans to introduce a significant redesign with the upcoming Galaxy Z Fold6.

If Samsung can achieve their target of shipping 10 million foldable phones this year alone, it will be a testament to their commitment to leading the market. The company has set its sights high and is determined to secure a significant share of the foldable phone industry.

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