It was reported that Samsung has managed to surpass the expectations by selling 1 million units of its first-ever foldable smartphone, the Galaxy Fold. However, the company has denied such reports.
Samsung Electronics has denied media reports that claim it has sold 1 million Galaxy Fold smartphones globally since its launch. TechCrunch quoted President Young Sohn that the company sold 1 million devices during its TechCrunch Disrupt Berlin event.
“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,” the publication quoted. However, a Samsung spokesman said, “Sohn may have confused the figure with the company’s initial sales target for the year, emphasizing that sales of the tech firm’s first foldable handset have not reached 1 million units.”
This simply means that the company has not sold 1 million units of the Galaxy Fold. Multiple analysts believe that Samsung would sell between 400,000 to 500,000 units of the latest foldable smartphone in 2019, while the company is expecting to sell around 500,000 units. Samsung has not revealed the actual figure for the number of units sold globally.
Meanwhile, the company is reported to launch Galaxy S11 and Galaxy Fold 2 on February 18 next year. Samsung will hold an event on February 18 where it will unveil the latest smartphones. The launch event will be held in San Francisco, the same place where Samsung introduced its Galaxy S10 series. The Galaxy Fold 2 will be a clamshell foldable smartphone, which was teased during Samsung’s annual developer conference.