The Suwon, South Korea-based company said it would postpone the retail launch of the Galaxy Fold, without giving a new debut date. Several publications, including Bloomberg News, had reported a bevy of problems with test versions of the $1,980 device after only days of use. Samsung had said it would thoroughly investigate the issue, while initially indicating it would stick with the planned date.
Samsung aims to avert a fiasco like the Note 7 introduction in 2016, when smartphones that had already found their way into consumers’ hands showed a tendency to burst into flames. The episode, which triggered a global recall, cost the company billions of dollars in losses and damaged its reputation as it battled Apple Inc. in the premium devices market.
Samsung has rebounded since then and was counting on the Galaxy Fold to extend its smartphone dominance while fending off emerging Chinese rivals such as Huawei. The foldable device, unveiled along with the flagship Galaxy S10 model earlier this year, has a 7.3-inch screen that unfolds into a tablet. Pre-orders began in mid April.
Source: Tech Daily Report (techdailyreport.net)
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