Samsung India has received one million pre-orders for the Galaxy Z Flip 5 and Z Fold 5:
Samsung announced on Thursday that 1 lakh units of its Galaxy Z Flip 5 and Z Fold 5 ultra-premium foldable devices had been pre-ordered in the first 28 hours after reservations opened in India.
According to a statement released by Samsung, pre-orders for the Samsung Galaxy Z fold series were 1.7 times higher in the first 28 hours compared to the company’s previous generation of foldables smartphone.
On July 26, 2023, the company unveiled the gadgets, and on July 27, 2023, pre-orders began. The 18th of August is set as the official release date for the “Made in India” electronics.
In light of the enthusiastic response to the new Samsung Galaxy Z series in India, we are overjoyed. The Samsung Galaxy Z Flip 5 and Galaxy Z Fold 5’s success in India is indicative of the country’s receptiveness to new technologies.
JB Park, president and chief executive officer of Samsung Southwest Asia, said. “I am confident that our new devices will help the mainstreaming of foldable. And help us consolidate our leadership in India.”
The cost of a Samsung Galaxy Fold 5 can range from Rs. 1,54,000 lakh to Rs. 1,85,000 lakh, with the higher storage options costing more. Each Samsung Galaxy Flip 5 will cost between 99,999 and 1,09,999 Indian rupees.
Techarc, a market research and analysis firm. Eestimates that by 2023, foldable (including flip) smartphones’ revenues will account for more than 1.8% of total smartphone sales. Over 6.35 million foldable smartphones are expected to sell in India this year. It making up less than 0.5% of the total smartphone market.