Samsung is optimistic about the prospects for foldable smartphones. According to Digitimes, Samsung Vice President of China and Taiwan Jacob Chen said that expected global shipments of foldable smartphones in 2022 will reach 20 million units. Largely due to a number of improvements in the new models compared to their predecessors.
According to a Samsung top manager, the new foldable Galaxy smartphones are equipped with the latest Qualcomm processor, which eliminates overheating and performance issues. In addition, Samsung is more active in promoting its new products, which should stimulate sales in the second half of this year.
Some smartphone market research agencies predict that global shipments of foldable devices will reach 11 million units this year. This is well below Samsung’s estimate of 20 million. The company hopes for strong demand and believes that only certain unfavorable factors can prevent this. Global shipments of foldable smartphones will reach 75 million units by 2025, according to research firm Strategy Analytics. However, Samsung believes that such a result can be achieved earlier.
Tae Moon Roh (TM Roh), president and head of mobile at Samsung, said in a blog post that global shipments of foldable smartphones approached 10 million last year, up 300% from 2020. Ro predicts that this growth will continue, and Samsung will have a large share of the entire market.
