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Samsung Likely to Release ‘Clamshell’ Foldable Phone in February

There are also rumours that Samsung may adopt a new name for the upcoming flagship, such as the Galaxy 20, to mark the new year

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The upcoming foldable smartphone by Samsung will have ultra-thin glass display. Wikimedia Commons

Samsung is likely to release a new foldable smartphone that folds like a clam in February before the upcoming release of its flagship Galaxy S11 next year.

The South Korean tech giant is currently in talks with the country’s three mobile carriers to release its second foldable smartphone at home, with the goal of releasing it in February 2020, Yonhap news agency reported on Sunday, citing unnamed industry sources.

Samsung Electronics will hold its “Unpacked” event in the US in mid-February, where it will provide more details on the new foldable phone, the sources said.

The foldable model will be available for sale immediately.

Samsung declined to comment on the release schedule of the new foldable smartphone.

Earlier this year, Samsung released the Galaxy Fold that has a 7.3-inch screen that users can fold like a book.

The new smartphone is expected to boast a 6.7-inch display and becomes nearly square when folded.

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The new Samsung smartphone will be able to scan two fingerprints simultaneously. Lifetime Stock

Compared with the Galaxy Fold, which came with a price tag of around $2,000, the new foldable version will be available in the mid-$1,000 range, the sources added.

Samsung’s rush to release the model in early 2020 apparently came as other global brands, including Motorola and Huawei, are set to release similar models early next year.

The South Korean tech giant currently plans to sell six million units of foldable models in 2020.

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The name of the Samsung’s new clamshell-type smartphone has not yet been decided. Samsung plans to release a second generation of the Galaxy Fold in late 2020 as well.

While the new foldable smartphone will run on the fourth-generation long-term evolution (LTE) network, the Galaxy S11 will be available only for the 5G network.

There are also rumours that Samsung may adopt a new name for the upcoming flagship, such as the Galaxy 20, to mark the new year. (IANS)

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Now Buy Galaxy Smartphones with Samsung Finance+ Home Delivery Service

Samsung Finance+ service is now available at your doorstep

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Samsung announced that it has started the home delivery of Finance+on Tuesday. Pixabay

Samsung on Tuesday announced that it has started the home delivery of digital lending platform Finance+, making it simpler for customers to buy Galaxy smartphones at easy finance within the comfort of their homes.

According to the company, Finance+ is a unique and universally accessible digital lending platform that provides easy financing opportunity to consumers for purchase of Galaxy smartphones in India.

Samsung Finance+ service is currently available across 12,000 dealers in nearly 300 towns.

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Customers looking to buy a Galaxy smartphone on finance can contact their neighbourhood dealers. Pixabay

“Samsung Finance+ is our ‘Make for India’ initiative towards financial inclusion and Digital India. We are confident that the home delivery of Samsung Finance+ will help millions of consumers in India,” Mohandeep Singh, Senior Vice President, Mobile Business, Samsung India, said in a statement.

To avail the Samsung Finance+ service, customers had to earlier walk-in at select dealerships. The company has partnered DMI Finance for its Finance+ service in India.

Customers looking to buy a Galaxy smartphone on finance can contact their neighbourhood dealers.

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The dealer will then send a Samsung promoter to the prospective customer’s house. The Samsung promoter will help the customer complete the loan journey in the comfort of his/her home.

After filling in their personal details for a simple KYC verification and credit scoring, customers will get multiple offers on various Galaxy smartphones.

Given the importance of social distancing in the current circumstances, Samsung’s new initiative will ensure the customer gets finance for Galaxy smartphone without the need of visiting a store. (IANS)

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Samsung Plans To Partner With BOE To Make OLED Screens For Future Galaxy Smartphones

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Recently, the company said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter. Pixabay

South Korean tech giant Samsung is in talks with Chinese electronics company BOE to make some of the OLED screens for future Galaxy smartphones.

According to Display Supply Chain Consultants (DSCC), Samsung is looking for a flexible 6.67-inch OLED display for at least one member of the next year’s Galaxy S21 or S30 series. Moreover, the Galaxy A91 is also going to feature a BOE-made 6.6-inch display with FHD+ resolution.

Currently, BOE is the biggest smartphone LCD supplier in the world but it only comes third for OLED panels after Samsung and LG.

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With the new strategy the company may be able to bring the costs of its smartphones down with BOE OLED displays.

Samsung
South Korean tech giant Samsung is in talks with Chinese electronics company BOE to make some of the OLED screens for future Galaxy smartphones. Wikimedia Commons

Recently, the company said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter.

The overall market demand fell significantly quarter-on-quarter and the company’s smartphone shipments also declined in the first quarter.

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The company expects a decline in product sales and its overall business performance as the market shrinks and effects of store closures continue to have direct impacts. (IANS)

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Samsung Says its Mobile Demand May Drop Sharply Due To Economic Downturn

The overall market demand fell significantly quarter-on-quarter and the company's smartphone shipments also declined in the first quarter

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Samsung
Samsung said it will continue to offer differentiated products in the premium segment with the launch of new foldable and Note models. Pixabay

Samsung Electronics on Wednesday said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter.

The overall market demand fell significantly quarter-on-quarter and the company’s smartphone shipments also declined in the first quarter. The Samsung IT and Mobile Communications Division posted KRW 26 trillion (nearly $21.6 billion) in consolidated revenue and KRW 2.65 trillion ($2.1 billion) in operating profit for the first quarter of 2020.

“However, the company maintained sound profitability by improving the product mix, increasing the sales portion of 5G models and using marketing expenses efficiently during the period,” the south Korean giant said in a statement.

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In particular, the average selling price (ASP) of flagship smartphones increased compared to last year on the back of higher-than-expected share of Galaxy S20 Ultra sales as well as solid sales of the Galaxy Z Flip. The company expects a decline in product sales and its overall business performance as the market shrinks and effects of store closures continue to have direct impacts.

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Samsung Electronics on Wednesday said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter. Wikimedia Commons

Amid the market uncertainty, Samsung said it will focus on improving cost efficiency and strengthening its online and B2B channels. “In case of any additional disruptions at production facilities, the Company will respond by flexibly utilizing its diversified manufacturing capabilities across the globe,” it added.

For the second half, amid uncertainties including the possibility of a prolonged pandemic, market competition is forecast to intensify as manufacturers strive to recover from the weakness in the first half. Samsung said it will continue to offer differentiated products in the premium segment with the launch of new foldable and Note models.

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It also plans to enhance product competitiveness by expanding 5G adoption to mass-market smartphones and improve operational efficiency across all areas throughout R&D, production, supply, channel and marketing. (IANS)