Samsung said on Thursday that its fifth-generation ultra-premium foldable devices, the Galaxy Z Flip 5 and Z Fold 5, had garnered 100,000 pre-orders within 28 hours of their pre-order launch in India.
Samsung received 1.7 more pre-orders for the Galaxy Z Flip 5 and Z Fold 5 in the first 28 hours compared to the fourth-generation foldable phones (Galaxy Z Flip 4 and Z Fold 4), Samsung said in a statement. times.
The company launched the devices on July 26, with pre-orders starting on July 27, 2023. The “Make in India” device is scheduled to go on sale on August 18.
“We are very pleased with the overwhelming response to our newly launched Galaxy Z Flip 5 and Galaxy Z Fold 5 phones in India. The success of Galaxy Z Flip 5 and Galaxy Z Fold 5 shows that Indian consumers are highly sensitive to new innovations.
JB Park, president and CEO of Southwest Asia, Samsung, said: “I believe our new device will contribute to the mainstreaming of foldable devices and help us strengthen our leadership in India.”
The Galaxy Fold 5 is priced at Rs. Rs 154 crore to Rs 185 crore each depending on the internal storage capacity ranging from 256GB to 1TB. The Samsung Galaxy Flip 5 price range is Rs. 99,999 rupees. 1,09,999 per person.
According to market research and analysis firm Techarc, foldable (including clamshell) smartphones will account for more than 1.8% of total smartphone revenue in 2023. The estimate implies that more than 635,000 foldable smartphones will be sold in India this year, which would be less than 0.5% of total sales expected for the period.
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