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Last updated: September 16th, 2020 at 08:15 UTC+02:00
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According to a new report from industry tracker DSCC (Display Supply Chain Consultants), Samsung's market share in the foldable segment could reach 80% in 2020. Huawei is Samsung's closest competitor in the segment, and the Mate X2 was expected to be unveiled with an inward folding screen in October, but the restrictions imposed by the US made it hard for the Chinese firm to acquire necessary components. Now, Huawei seems to have postponed the launch.
DSCC claims that the Galaxy Z Flip will be the best-selling foldable phone of 2020. The Galaxy Z Fold 2 and the Moto RAZR are expected to become the second and third best-selling foldable smartphones this year. Ross Young, who heads DSCC, said, “This is higher than previously forecast due to their success along with Huawei's inability to launch the Mate X2 as a result of U.S. government restrictions.”
Analysts claim that Samsung could sell as many as 4 million foldable smartphones this year, which shows the success of the company's foldable phone technology. The Galaxy Z Fold 2, which was recently unveiled, has received higher-than-expected pre-orders in South Korea, and Samsung had to postpone the official launch date by a few days.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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