Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.
The delays cost the South Korean tech giant sales that could have provided a decent bump in revenue during the slow summer season. “Consumer confidence in Galaxy Fold has significantly deteriorated. If Samsung manages to sell 300,000 devices this year, that can be a decent performance given the delay,” said Kim Young-woo, an analyst at SK Securities.
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