Samsung’s Foldable Phones Gaining Momentum, New Model Sells 10% More Than Last Year

Samsung’s new launches always follow a trend of beating its predecessors in sales. It seems the new set of foldables may be the next to achieve this milestone, as the new foldable phone is expected to sell about 10% more units this year than its predecessor. The South Korean giant’s yearly foldable phone shipments this year might surpass 10 million units for the first time, and the shipments of the newly introduced foldable phone surpass 7 million units, and the shipments of heritage model foldable phones reach 3 million units. Galaxy Z Flip 4 and Z Fold 4, which were new sets of leaflets at the time of release, totaled about 6 million units in 2022, with mid-4 million and mid-2 million units scheduled for each variant.

All of which, Samsung Electronics shipped close to 9 million foldable phones in 2022. The same goes for the Galaxy Z Flip 3 and Z Fold 3 in 2022, which totaled about 6 million units, with late 4 million units and late 1 million units. Comprising the legacy, the manufacturer came up with nearly 7 million units. The industry claims on the 25th that shipments of the Galaxy Z Fold 5 and Galaxy Z Flip 5, which were unveiled back in July, were found to be 8–10% higher compared to the Flip 4 and Fold 4’s shipments. Galaxy Z Flip 5 and Z Fold 5 make up 60–65% and 30–35% of the total shipment for each model, respectively.

Both the new foldables were rumored to have more inventory on hand as of mid-to-late September than was recommended (8 weeks). By the end of this year, the industry expects Samsung to purchase 12 to 13 million pieces of hardware for both the Galaxy Z Flip 5 and Fold 5 versions. It has recently been anticipated that there will be a drop of around 1 million units due to the global economic downturn that may have influenced sales of the foldables. The number of parts ordered for the two most current models was either unchanged or somewhat lower than expected, as per Samsung Electronics’ component partners.

Considering that orders for Galaxy Z Flip 5 and Fold 5 components have not grown as of yet ahead of the Chuseok holiday, it may be assumed that Z Flip 5 and Fold 5 shipments will be tough enough to greatly exceed those of their predecessors. Domestic parts businesses may cease manufacturing lines for a few days over the Chuseok vacation to carry out maintenance work, so if demand is great, parts must be obtained in advance. Also, the number of parts ordered for the two most current models was either unchanged or somewhat lower than expected.

As Samsung Electronics purchases parts every two weeks, the number of parts bought in the future may rise based on future shipments and market demand.

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