[Update 2: 400-500k] Samsung says it has sold 1 million Galaxy Fold devices
The Samsung Galaxy Fold is undoubtedly one of the most interesting phones of 2019. There is no arguing it is a breathtaking phone that truly represents what the future will hold. That bleeding-edge tech comes at a price, though, retailing at $1,980 in the US, it’s one of the most expensive phones on the market. However, this didn’t stop customers from buying it. Today at TechCrunch Disrupt in Berlin, Samsung Electronic’s President Young Sohn announced that they have sold 1,000,000 units of the Galaxy Fold.
This is an insane amount of sales for a device that had a well-documented rocky start. It was announced at Samsung Unpacked 2019 in San Francisco and between the announcement and launch, there were a lot of questions about the durability of the phone. Once it got into the hands of reviewers, those concerns were justified. After about 2 days, they started to break. This wasn’t a good sign for the future of foldables. After these issues, Samsung made the right decision and indefinitely delayed the Galaxy Fold. After 6 months of re-engineering the device, they finally released it in its current form, the fixed Galaxy Fold.
After all the issues and bad press, it’s crazy to think Samsung has sold 1,000,000 Galaxy Fold units. This might not seem like a lot compared to the total Samsung sells per quarter, but the difference is in the tech and price. In Q1 of 2019, Samsung reportedly sold about 78 million phones. From March 2019 to May 2019, Samsung sold 16 million Galaxy S10s. In comparison, it seems like a very small number of Folds being sold.
Well, when you think about the launch problems, launch regions, price, and availability, it just becomes more impressive. The Galaxy Fold has been launching in different regions slowly over the past 4 months. The price is also insanely high. It cost $1,980 for the LTE Galaxy Fold in the US. In other regions, the price goes up even more because of 5G or VAT. As for availability, it has been sold out in almost every store since it launched. It sold out in the US within a matter of minutes, and it’s still sold out in most places. Out of all of this, Samsung has managed to sell 1,000,000 units.
With all the problems and naysayers, this is a pretty impressive launch for the Galaxy Fold. We know Samsung is moving full-speed ahead on new foldable phones and the market is likely to follow them. Are you excited about this form factor?
Update 1: Nope
According to a report from Yonhap News, a Samsung spokesperson has said the company has not sold 1 million Galaxy Fold units. Sohn may have been confused the number with Samsung’s goal to sell 1 million units by the end of the year. We don’t know exactly how many devices have been sold, but some analysts have put the number around 400,000-500,000. Certainly less impressive than 1 million, but still decent for such a niche device.
Update 2: 400-500k
Last month, there was a bit of a snafu when Samsung Electronic’s President Young Sohn mistakenly said the company had sold 1 million Galaxy Fold units. Analysts put the number at around 400,000 to 500,000, and now CEO DJ Koh has confirmed that estimate. Speaking to reporters at CES, Koh said: “I think we’ve sold 400,000 to 500,000 Galaxy Fold smartphones.” While not nearly as impressive as 1 million, that’s still a respectable number for a very expensive bleeding edge product.
Source: Yonhap News