Samsung Electronics is optimistic about the prospects of folding-screen smartphones. According to foreign media reports, Jacob Chen, vice president of Samsung China Taiwan, said that global shipments of folding screen models are expected to reach 20 million in 2022. According to him, Samsung’s new folding screen phones, the Galaxy Z Fold 4 and Galaxy Z Flip 4, have a number of specification upgrades and improvements over their predecessors.
Powered by Qualcomm’s latest Snapdragon 8 Plus first-generation processor, the new Galaxy foldable phone can solve the overheating and performance-limiting issues of the previous generation, Jacob Chen said. In addition, Samsung has stepped up its deployment and promotion of new folding screen products, which will stimulate sales in the second half of this year.
Jacob Chen pointed out that some market research houses estimate that global shipments of foldable smartphones will reach about 11 million units this year, which is much lower than Samsung’s forecast of 20 million units.
In this regard, he explained that although global mobile phone shipments in the second half of the year may be affected by some unfavorable factors such as inflation, Samsung expects demand for folding screen models to remain strong.
According to data from research firm Strategy Analytics, global shipments of folding screen mobile phones will reach 75 million in 2025. But Jacob Chen emphasized that Samsung thinks this number may be reached earlier.