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Good news for Samsung smartphone lovers, the release date of the foldable phone is approaching

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For Samsung smartphone lovers, there is good news about the company’s foldable phone that will blow them away. The wishes of people who have been waiting for the Samsung Galaxy foldable phone may be fulfilled soon. In this regard, the company announced its next date.

Samsung Electronics has officially announced that it will introduce its latest foldable smartphone series by August this year. The tech giant is aiming to break into the stagnant smartphone business. The company has put up a banner detailing the launch and those who wish to watch the event live can register by filling out basic details and setting up a calendar.

Here is the model number and its specialty

The latest next-generation foldable smartphones, the Galaxy Z Flip 4 and Galaxy Z Fold 4 are expected to be unveiled at the Galaxy Unpacked Online event, titled ‘Unfold Your World’, which is scheduled to take place on August 10.
The teaser promo video of the event was released yesterday (July 19, 2022) which did not say anything about the specifications of the upcoming smartphone. According to the report, the clamshell-style Galaxy Z Flip 4 has a slightly thinner hinge that connects the two halves of the phone compared to its predecessor.

The new smartphone series comes at a time when the world’s largest smartphone maker, like many other consumer device companies, is struggling with the global economic crisis, leaving consumers with less money to spend on non-essential goods. Samsung’s second-quarter smartphone shipments are estimated at around 61 million units, down 16 percent from the previous quarter.

Apple will enter

The company’s smartphone division’s operating profit for the second quarter is expected to fall to $2.6 trillion from $459 million a year ago. According to a study, Samsung will dominate the market with 75 percent market share by 2023. There is also speculation about Apple entering the foldable market in the coming years. However, Apple has lagged behind Samsung in this regard. Apple can bring a new revolution in this field by announcing it anytime. It is speculated that with this more companies can come forward in this segment.



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