💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Samsung's new foldable phone is its biggest

Published 09/01/2020, 10:11 AM
Updated 09/01/2020, 10:21 AM
© Reuters. Handout shows Samsung Electronics' new foldable smartphone Galaxy Z Fold 2
005930
-

SEOUL (Reuters) - Samsung Electronics (OTC:SSNLF) Co Ltd's latest foldable smartphone is also its largest, offering users a tablet-size screen 12% bigger than its first Galaxy Fold.

Unveiled on Tuesday, the Galaxy Z Fold2's screen measures 7.6 inches (19.3 cm) when unfolded. The 5G compatible phone will also be Samsung (KS:005930)'s most expensive foldable, priced at $1,999 in the United States compared to $1,980 for the Galaxy Fold launched last year.

The new model, however, is facing a tough market with economic uncertainties created by the coronavirus pandemic cooling demand for high-end smartphones.

Despite the launch of its premium Galaxy S20 lineup in March, Samsung has fared particularly badly. Its second-quarter smartphone sales plummeted 30% and South Korean tech giant ceded its position as the world's biggest smartphone seller to Chinese rival Huawei Technologies Co Ltd [HWT.UL], according to research firm Canalys.

Offered in two colours - mystic black and mystic bronze - the Galaxy Z Fold2 will go on sale on Sept. 18 in about 40 countries.

© Reuters. Handout shows Samsung Electronics' new foldable smartphone Galaxy Z Fold 2

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.