April 17, 2019
Hands-On With Samsung's $1,980 Galaxy Fold Smartphone
Samsung Electronics Co.’s Galaxy Fold is a pricey, but promising device that kicks off a new phase of the smartphone industry.
On Monday, the company held an event in New York City to let reporters and other members of media try out the gadget for the first time. Samsung announced the phone in February and it goes on sale April 26 at the wallet-stretching price of $1,980.
Samsung forecasts it will produce at least 1 million foldable phones this year. That’s a fraction of all the phones that the company shipped last year. Still, research firm Gartner Inc. expects the market will grow to 30 million units by 2023. Huawei Technologies Co., Xiaomi Corp., and Lenovo Group Ltd.’s Motorola unit are working on foldable phones. There’s no indication yet that Apple is working on a folding iPhone.
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