Samsung to expand premium foldable smartphone, affordable 5G lineup

New Delhi: Despite component supply constraints across the industry, Samsung said on Thursday that it will further expand premium smartphone sales with Galaxy Z Flip3 Bespoke Edition while continuing sales momentum of the Galaxy S series.
At the same time, the company will proactively target replacement demand with competitive mass-market 5G lineup, and increase sales of device ecosystem products such as wearables, PCs and tablets.
Samsung has registered revenue increase for its mobile division from the second quarter. The IT and Mobile Communications Division posted KRW 28.42 trillion (over $24.2 billion) in consolidated revenue and KRW 3.36 trillion in operating profit (over $2.8 billion) for the third quarter (Q3).
“Smartphone sales increased compared to the previous quarter thanks to strong sales of flagship models including Galaxy Z Fold3 and Galaxy Z Flip3, as well as enhanced mass-market lineup,” Samsung said.
The company has received tremendous response in India for its new foldable line-up.
Also Read Samsung’s One UI design to come on Windows laptops Nearly 60 per cent of the Indian consumers have gone for the pricier Galaxy Z Fold3 in India, showing a rising inclination for the big screen and productivity features among young millennial and Gen Z users.