Samsung Denies Making $2 Billion From Galaxy Fold Sales

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Samsung Galaxy fold in Nigeria

Barely 24 hours ago, we reported that Samsung have reportedly made about $2 billion from the sales of the first ever foldable phone the Samsung Galaxy Fold. But, there is a twist to that news as it stands. Samsung have come to deny the news about selling 1 million units of the Galaxy Fold thereby making about $2 billion and it might just be a case of misinterpretation of English.

During the TechCrunch Disrupt Belin conference, Samsung Electronics’ President Sohn Young-kwon revealed that Samsung sold 1 million Galaxy Fold smartphones. “And we think the point is, we’re selling [a] million of these(i.e the Galaxy Fold phones)… There’s a million people that want to use this product(i.e the Galaxy Fold) at $2,000.”

If the above is to be understood correctly, it means there is a confusion in English. It is clearly a case of what is intended and what actually is.

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According to the denial report, the Samsung spokesperson “may have confused the figure with the company’s initial sales target for the year, emphasizing that sales of the tech firm’s first foldable handset have not reached 1 million units.”

When the Samsung Galaxy Fold first launched in September, tech analysts predicted that it’s sales will be about 400,000 to 500,000 units. But Samsung is expecting to make about 6 million sales of the Galaxy Fold in 2020 and about 20 million sales of this phone by 2021.

For a device that has a very high price tag, it is quite unlikely that such sales will be possible. But with time there might be more affordable foldable phones and this might lead to increased demand for foldable phones in coming years.

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