Samsung Will Make at Least 1 Million Foldable Phones

Samsung will roll out its foldable phone in the first half of next year and produce at least 1 million of them, Yonhap News reported, citing the company’s smartphone chief DJ Koh, according to Bloomberg.

The company gave a glimpse of its foldable-screen phone at a developer conference in San Francisco last week without providing details on its price, name or release date. Koh, president of Samsung’s mobile communication business, told reporters after the event that he would launch the device in the first half “no matter what,“ Yonhap reported.

A new version of the foldable phone will be unveiled every year like Samsung’s flagship phones, such as the Galaxy S9. The company may raise the production volume of its foldable devices depending on market reception, Koh was quoted as saying. Samsung shipped more than 300 million phones in total last year, according to TrendForce, a market research firm.

The world’s biggest phone maker has set up a team with Google to develop a software interface for the foldable phone since Koh met with Sundar Pichai, CEO of Google, two months ago, he was quoted as saying. Samsung plans to release a cheaper version of its flagship Galaxy S10 next year to appeal to consumers growing more cost-conscious.