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Samsung promises to make foldable smartphones popular

In its last income statementSamsung has confirmed that it will soon release new foldable smartphones and will try to make them “mainstream” category. He also showed that he did not need mobile devices to make money, as he increased profit by 20 percent to 63.67 trillion won ($ 55.56 billion) and operating profit was 12.57 trillion won ($ 11 billion). … This is despite the fact that its mobile division has cut revenue from the previous quarter due to component shortages and manufacturing issues related to COVID.

As you’d expect given the current shortage, Samsung’s chipmaker dominated revenues this quarter, accounting for more than a third of total revenues and more than half of profits. This has been boosted by higher prices for categories such as memory and display panels. The company’s consumer electronics division also grew with sales of premium TVs and home appliances.

While the mobile division has shrunk due to weaker seasonal demand, component shortages and plant closures in Vietnam due to COVID, the company made some interesting comments about the business. He stated that he will “strengthen his leadership in the premium segment. [mobile] a statement promoting the foldable category, “which means we may see cheaper foldable phones in the near future.

Samsung said it is also working on new under-screen camera technology. He also confirmed that he will be unveiling new foldable products soon, likely referring to his August 11 event, which is expected to announce the follow-up to the Z Flip and Z Fold 2.

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