Samsung reportedly aiming to sell 6 million foldable phones in 2020
According to a new report from ETNews, Samsung is aiming to sell up to six million foldable phones next year. Samsung has reportedly sold 500,000 Galaxy Folds and has asked its display division if it has the capacity to produce as many foldable displays as would be required to meet the lofty goal. Samsung had reportedly thought about increasing its sales target for foldable phones in 2020 to 10 million but decided to settle at the six million figure.
That is already quite ambitious even when we consider the excellent demand in the Galaxy Fold. It’s possible Samsung is just thinking ahead and wants to make sure it has the capacity to create that many foldable devices when more and more consumers start warming up to the foldable phone idea. It has even increased its foldable display output to a million panels this month to meet Galaxy Fold demand, although none of the numbers have come officially from Samsung.
Six million is a small figure considering how many devices Samsung makes overall, and with the company making a big deal out of how the Fold has been selling out in every market, we may actually see six million foldable phones with the Samsung branding make it into the hands of consumers next year. Nothing is certain, however, as the foldable form factor is new and unproven over the long-term, and whether demand will go up as much as Samsung is expecting it to is something we will have to wait and see.