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Samsung's foldable phone sales surge 30% amid Apple entry speculation

Samsung has seen a 30% year-over-year increase in foldable phone sales, with its latest Z Fold 8 and Z Flip 8 models driving this growth. The company attributes this success to the tangible innovation in foldable form factors, which attracts new users and encourages frequent upgrades, even drawing customers from competing operating systems. Despite foldables representing less than 2% of the global smartphone market, Samsung considers them a mainstream product category, especially with the anticipated entry of Apple into the foldable market. AI

RANK_REASON Article discusses a product category's performance and market dynamics, including competitor actions, but does not announce a new product or research.

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Samsung's foldable phone sales surge 30% amid Apple entry speculation

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Alexei Oreskovic ·

    Samsung is the foldable phone king, with sales growing 30% and reviews praising its newest devices. Can it keep the crown as Apple enters the picture?

    In an exclusive interview with Fortune, Samsung America EVP Dave Das says demand for foldable phones, and upgrade cycle, is similar to early days of smartphones.