Samsung Aims to Double Foldable Phone Sales to 20 Million in 2024 Despite Stiffening Competition

Samsung aims to sell 20 million foldable phones in 2024, up from 15 million targeted in 2023. This would match the entire forecasted 2023 foldable market.

Samsung faces growing competition in foldables from Motorola, Google, OnePlus, and Chinese brands like Xiaomi and Honor.

Samsung wants to make the Galaxy Z Fold 6 thinner than the current model to stay competitive, especially in China.

Samsung is expected to ship only 10 million foldables in 2023, falling short of its 15 million goal.

To hit 20 million in 2024, Samsung would need to double its foldable sales from 2023 levels.