Choi Seungsik, president of Samsung Electronics China, unveils its new foldable smartphone — the Galaxy Z Fold 2 5G — in China, on Sept 9, 2020. (PHOTO / CHINA DAILY)
South Korean technology giant Samsung Electronics on Wednesday unveiled its new foldable smartphone, the Galaxy Z Fold 2 5G, in China, in an attempt to get a bigger slice in the world's largest mobile phone market.
Priced at 16,999 yuan (US$2,483), the handset serves as a tablet when fully opened and becomes a phone when closed. When folded up, the phone has a 6.2-inch display designed to fit in the palm of a hand, and when opened, it has a 7.6-inch display that's tablet-sized.
Samsung is always at the forefront of innovation and proud of being a leader in the technology industry, Choi Seungsik, president of Samsung Electronics China, said at a product launch ceremony
Samsung is always at the forefront of innovation and proud of being a leader in the technology industry, Choi Seungsik, president of Samsung Electronics China, said at a product launch ceremony. He noted the gadget owns the most innovative foldable screen of the company and brings about an immersive watching and gaming experience for consumers.
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Last year, Samsung unveiled its first consumer-ready foldable smartphone, the Galaxy Fold, which serves as a tablet when fully opened and becomes a phone when closed. It also launched the Galaxy Z Flip in February this year.
Global foldable smartphone shipments will grow from under 1 million units in 2019 to 100 million by 2025, according to the latest research from Strategy Analytics. It predicted that foldables will be the fastest-growing segment in the premium smartphone market for the next decade.
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A report from market consultancy Canalys showed that Samsung shipped 53.7 million smartphones, a 30 percent plunge versus the same period last year, taking up an 18.9 percent share in the global smartphone market.
