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Tech Giant Samsung Sold Approx 4 Lakh Galaxy Fold Smartphones in 2019: Tech Report

The Galaxy Fold, which has a 7.3-inch screen that users can fold horizontally like a book

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Samsung
New Foldable foldable smartphone by Samsung is expected to boast a 6.7-inch display and can become nearly square when folded, is scheduled to be unveiled next month. Wikimedia Commons

Samsung Electronics sold around 4 lakh Galaxy Fold smartphones last year, the company’s mobile business chief said and denied earlier media reports that it sold one million foldable handsets.

“We’ve sold 400,000-500,000 Galaxy Fold smartphones,” Koh Dong-jin, President and CEO of Samsung’s IT and Mobile Communication division, said at the Consumer Electronics Show (CES) 2020 here.

Koh’s comment confirms Samsung’s earlier stand refuting media reports that it sold 1 million Galaxy Folds in 2019, Yonhap news agency reported on Tuesday.

In December, Sohn Young-kwon, a Samsung executive who leads Samsung Strategy and Innovation Center, said the company sold 1 million Galaxy Folds. But the company denied the figure, saying Sohn might have got confused the number with the company’s initial sales target for 2019.

The Galaxy Fold, which has a 7.3-inch screen that users can fold horizontally like a book, officially went on sale in September at $2,000. Analysts predicted that Samsung would sell about 400,000-500,000 foldable phones.

Meanwhile, Koh said he would introduce Samsung’s new “clamshell” foldable smartphone during CES 2020 that runs through Friday.

Samsung
Samsung Electronics sold around 4 lakh Galaxy Fold smartphones last year, the company’s mobile business chief said and denied earlier media reports that it sold one million foldable handsets. IANS

On the opening day of the world’s largest tech expo, Koh was spotted explaining Samsung products to chiefs of South Korean mobile carriers — SK Telecom CEO Park Jung-ho and LG Uplus CEO Ha Hyun-hwoi.

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Samsung’s new foldable smartphone, expected to boast a 6.7-inch display and can become nearly square when folded, is scheduled to be unveiled next month. (IANS)

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India Becomes the Second Largest Smartphone Market After China: Report

India surpasses US to become 2nd largest smartphone market

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Smartphone
The Indian smartphone market surpassed the US for the first time on an annual level. Pixabay

New Delhi: Riding on Chinese brands, the India smartphone market surpassed the US for the first time on an annual level and this is the latest science and technology news, becoming the second-largest smartphone market after China globally — reaching 158 million shipments in the calender year 2019 with 7 per cent (YoY) growth, a report from Counterpoint Research said on Friday.

While Xiaomi continued to be the top player with 28 per cent market share in the calendar year 2019, Samsung was second with 21 per cent and Vivo at 16 per cent market share, said Counterpoint’s ‘Market Monitor’ service.

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India has now become the second-largest smartphone market after China globally. Pixabay

“Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent,” said Tarun Pathak, Associate Director, Counterpoint.

“Chinese brands share hit a record 72 per cent for the year 2019 as compared to 60 per cent share a year ago.

“This year, we have seen all major Chinese players expanding their footprint in offline and online channels to gain market share. For instance, Xiaomi, realme, and OnePlus have increased their offline points of sale while brands like Vivo have expanded their online reach with Z and U series,” said Anshika Jain, Research Analyst at Counterpoint.

Over the past four years, Xiaomi, Vivo, and OnePlus have grown 15 times, 24 times and 18 per cent, respectively.

“This highlights that OEMs are mature enough to capture next wave of growth and expand their operations in India,” Jain added.

Smartphone
Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent. Pixabay

Samsung shipments remained almost flat (YoY) while it has shown a 5 per cent (YoY) decline in 2019.

“This is for the first time Samsung transitioned to a completely new portfolio targeting different channels (offline with A series and online with M series). However, it needs to double down its efforts to keep the momentum going,” the report noted.

While the smartphone market registered YoY growth, the feature phone market witnessed a steep decline of nearly 42 per cent YoY in 2019 and 38 per cent (YoY) in Q4 2019.

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“This is due to slowdown in the new shipments from Reliance Jio. However, the players such as itel, Lava, Nokia and Micromax registered positive annual
growth despite the overall segment declined showing the untapped potential of the market,” said the report.

In fact, itel emerged as the number one feature phone brand in Q4 2019, followed by Samsung and Lava. (IANS)