Samsung looking to expand foldable smartphones category: Report – Times Now


Samsung looking to expand foldable smartphones category

Samsung looking to expand foldable smartphones category 









  • Samsung has stated that although the foldable smartphones account for a small part in their total smartphone sales, they intend to grow the category every year




  • Samsung’s current range of foldable devices are priced above $1,000 or Rs 1 lakh in the Indian market




Samsung is planning to expand the price range of its foldable smartphones, according to a new report. The company has revealed that they will continue to strengthen its foldable smartphones portfolio in 2021, during its earnings call for the quarter. Samsung’s current range of foldable devices are priced above $1,000 or Rs 1 lakh in the Indian market. The new announcement could make those premium phones more affordable.

According to a report published by The Elec, Samsung has stated that although the foldable smartphones account for a small part in their total smartphone sales, they intend to grow the category every year.

The smartphone manufacturer has stated that they are expecting sales and profitability to drop in the last quarter for 2020 – attributing it to the intensified competition for the year-end sales. Samsung’s operating profits were reportedly the highest in two years and the sales were highest ever this quarter.

Also, according to a new report, Samsung’s next foldable smartphone will come with S Pen support. The report has also indicated that Samsung already filed a patent for the same back in April 2020 and has described Samsung’s plans of making foldable phones compatible with the S Pen.

Samsung looks to be all set to launch its W21 5G foldable smartphone in the Chinese market on November 4, according to a tipster. It is slated to be similar to the Samsung Galaxy Z Fold 2.