Flap: Samsung denies selling 1M Galaxy Folds

Flap: Samsung denies selling 1M Galaxy Folds
Flap: Samsung denies selling 1M Galaxy Folds

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Aden - Yasmine El Tohamy - Spokesperson says top executive may have confused figure with initial sales target for year

Samsung Electronics has denied media reports that the company has sold one million Galaxy Fold smartphones globally since the device's launch in September.

Samsung Electronics president Sohn Young-kwon said at a conference organised by US tech media TechCrunch that the South Korean tech giant has sold one million Galaxy Folds so far, double the industry's earlier estimate.

But a Samsung spokesperson said Sohn may have confused the figure with the company's initial sales target for the year, emphasising that sales of the tech firm's first foldable handset have not reached one million units, Yonhap news agency reported.

Earlier, Samsung said it expected to sell 500,000 Galaxy Fold globally this year. Industry insiders said Samsung's foldable phone sales will pick up next year, with a possible six million units sold in 2020.

It is rumoured that Samsung will unveil its new clamshell-style foldable phone in February 2020 alongside its S11 series.

"Samsung is expected to sell 6 million units of its foldable phone in 2020 and 20 million units in 2021," Choi Bo-young, an analyst at Kyobo Securities, said.

"Prices of foldable phones are expected to go down gradually, and this would push up demand for foldable handsets."

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