Samsung will ship 11 million units of its upcoming Galaxy Z Fold 4 and Galaxy Z Flip 4 foldable smartphones by the year’s end, analyst firm Omdia says.
While when achieved, this will be over 50% higher than last year’s shipment for Fold 3 and Flip 3, it falls short of the tech giant’s internal target of 15 million units.
Still, Omdia noted that shipping more than 10 million units means Samsung has successfully replaced the vacuum left by ending the Note series with foldable phones.
When combined with legacy models such as Fold 3 and Flip 3, the company is expected to ship over 13 million units by the end of the year, the analyst firm also noted.
Samsung has ordered enough components to manufacture 15 million units of its new foldable phones to its suppliers, sources have previously told TheElec.
Still, overall smartphone demand has dropped globally, while inflation and supply chain issues are expected to persist for the remainder of the year, so it remains to be seen whether the South Korean tech giant will be able to meet its target.
It has a lower annual shipment goal for the Fold 5 and Flip 5 launching next year of around 10 million units due to these uncertainties.
Samsung’s accumulated unit sales of its foldable phones is short of 20 million units.