Samsung is currently on track to sell 10 million Galaxy Z Foldable phones this year, 33% less than expected.
Samsung has set a target and hopes to sell 20 million units of its Galaxy Z foldables in 2024. That would be a 33% gain from the 15 million Galaxy Z foldables that Samsung hopes to ring up this year. What makes this a very tough goal is that the competition in the foldable space has increased sharply, even in the U.S. where the Google Pixel Fold and the just introduced OnePlus Open are battling with the Galaxy Z Fold 5 for supremacy in the book-style foldable category. In China and some European and Asian markets, the has to compete with phones like the Honor Magic V2, the Oppo Find N3, the Xiaomi Mix Fold 2, the Huawei Mate X5, and more.
