Samsung looking to ship 7mn foldables including Galaxy Z Fold 3 this year: Report

The South Korean company is also looking to sell 4 million units of the rumoured Samsung Galaxy Fold 3, according to the report.

These two new foldables, the Samsung Galaxy Fold 3 and Samsung Galaxy Flip 2, rumour has it, should be unveiled in July this year. The Samsung Galaxy Fold 2 is shown in the picture above. (Samsung)

Smartphones sales have continued to soar during the novel coronavirus pandemic, as customers rely on their devices for remote working and to keep themselves occupied during lockdowns. Manufacturers like Samsung, Motorola, Xiaomi and Huawei offer a wide range of choice – from budget smartphones to advanced foldable devices. A new report now suggests that Samsung plans to ramp up the sales of its foldable devices this year.

Samsung tasted success in the foldable smartphone market with the launch of the original Galaxy Fold in 2019. Since then, the company has launched its successor, the Galaxy Fold 2, as well as the Galaxy Z Flip, and is rumoured to be working on the Galaxy Z Fold 3 to be released this year. The company reportedly plans on shipping a total of 7 million foldable smartphone units this year, according to The Elec, a Korean news portal.

The Samsung Galaxy Flip 3, which is expected to be the successor of the original Galaxy Z Flip, is likely to arrive later this year. The report says that Samsung is looking to sell up to 4 million units of this vertically foldable device, which would be a considerable increase over the 2.5 million units during the previous year.

Meanwhile, the Galaxy Z Fold 3, which is likely to cost more than the Galaxy Z Flip successor is expected to make up the remaining 3 million units that Samsung plans to ship this year. Samsung could reportedly launch these devices within the next few months. However, keeping in mind the spending ability of users during the pandemic, it remains to be seen how many units Samsung actually manages to ship this year.