New Samsung foldable phones set to sell in 130 countries by Oct

Sales of Samsung's third-generation foldable devices the Galaxy Z Fold3 and the Galaxy Z Flip3 have started in some 40 countries, including South Korea, the United States, Britain and France, according to the company.

Seoul: Samsung Electronics on Friday said it has launched new foldable smartphones globally as the South Korean tech giant hopes the latest Galaxy Z series can mainstream the foldable category and boost its handset sales.

Sales of Samsung’s third-generation foldable devices the Galaxy Z Fold3 and the Galaxy Z Flip3 have started in some 40 countries, including South Korea, the United States, Britain and France, according to the company.

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The new Galaxy Z series will be available in 130 countries by October.

Samsung has sharply lowered prices for its latest foldable smartphones, cutting as much as 400,000 won (US$340) compared with predecessors.

The Z Fold3, which is Samsung’s first foldable smartphone supporting its S Pen stylus with an under display camera, sells for 1.99 million won here. The Z Flip3, whose cover display is four times larger than the previous model, is priced at 1.25 million won.

Samsung said preorders for the new Z series have been successful worldwide. Since the devices were introduced on August 11, preorders were available in 70 countries, reports Yonhap news agency.

In South Korea, industry insiders estimated that more than 800,000 units of the new Z series devices were sold during the one-week preorder period that ended Monday.

A record 270,000 units of preordered devices were activated Tuesday alone.

In the US, Samsung said preorder numbers for the new foldable smartphones were larger than the total sales volume of the Z series phones in the country this year.

In India, where the official launch of the Z Fold3 and the Z Flip3 will begin September 10, the first-day preorder figure for the new devices was 2.7 times larger than that of the Galaxy Note 20.

Samsung, the world’s largest smartphone vendor, said it will run various promotions to boost sales of its new smartphones, including rental services, a trade-in program and discount options, though programs may differ by country.

In South Korea, Samsung will offer Care+, its mobile care plan, for free for 12 months, and 100,000 won coupons for accessories to buyers of the new Z series until September 30.