Samsung Electronics has unveiled two new foldable smartphones in a bet on devices with bending screens.
Samsung Galaxy Z Flip 5 Phones displayed during the Galaxy Unpacked 2023 event at the COEX in Seoul, South Korea, Wednesday, July 26, 2023. Samsung Electronics on Wednesday unveiled two foldable smartphones as it continues to bet on devices with bending screens, a budding market that has yet to fully take off because of high prices.
The phones, which run on Qualcomm’s Snapdragon 8 Gen 2 processor chips, are slightly sleeker and lighter than their predecessors but designed to be more durable and shock-resistant. The company announced the new phones at a lavish product event in South Korea’s capital, Seoul, choosing one of the markets where folding phones are closer to being mainstream products than novelties.
But high prices will not prevent foldable phones from becoming mainstream in global markets, Roh said. There’s optimism in the industry that the worldwide sales of foldable phones are growing at a faster pace with other vendors like Google, Motorola and Huawei now providing competition to Samsung.
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