Samsung has already shipped over one million Galaxy Fold units

Samsung Galaxy Fold didn’t get off to the greatest of starts, but that hasn’t deterred the public faith in the device. Despite being announced in February, the Galaxy Fold only made it to shelves in September. However, Samsung has already managed to sell over one million foldable smartphones.

When you look at some of the figures coming out of Xiaomi and Realme camps, one million may not seems like a lot, but considering the Galaxy Fold’s hefty price, it’s quite the achievement. Price aside, the foldable phone is a first generation of product, makes it all the more impressive.

Samsung made over $2 billion on Galaxy Fold sales alone, in a span of little over three months. Despite being a completely new product category, there were still over a million takers, which means another billion-dollar market has emerged. Currently, Huawei and Motorola are the only other major smartphone OEMs with foldable phones. However, that will undoubtedly change in 2019, after Samsung’s immense success.

The next-generation of foldable smartphones aren’t expected to be as expensive as the current generation, primarily because the cost of research and development is significantly reduced in second-generation products. Moreover, the price-competitive Xiaomi is also developing its own foldable phone.