The new Galaxy Z Fold 4, which is about the size of a notepad and opens like one, and Z Flip 4, which is square when closed and opens out to regular smartphone size, come with a suite of incremental upgrades.
Samsung surprised industry observers a year ago when it launched the Flip 3 at $999, positioning it as a direct competitor to Apple Inc.’s iPhone range and a successor to the Galaxy Note lineup. The company benefited from its aggressive pricing with record sales of its foldable lineup since then and has stated its ambition to bring the category into the mainstream.
“Samsung’s setting up an ambitious goal to expand its foldable sales to 10 million this year but it’d be challenging considering the macroeconomic situations,” said Greg Roh, head of technology research at HMC Investment & Securities. The company sold about 6 million foldable devices last year and is looking for “a breakthrough with foldable phones as low-end phones sales are slumping.”