Samsung’s Galaxy Z Fold 3, Z Flip 3 Are Doing Better than Note 20, S21 Series in This Market


Samsung

Samsung recently unveiled its Galaxy Z Fold 3 and Z Flip 3, the latest gen foldables from its Fold and Flip lineup. It seems that these foldables are the company’s new hot seller, since they seem to have done really well since launch.

The company seems to have seen a ton of pre-orders for both the Z Fold 3 and Z Flip 3, in comparison to its older foldable offerings. The new foldables seem to be enjoying decent sales in South Korea.

This news comes to us via Samsung, who revealed via Yonhap News today that it has sold more than one million units of the Samsung Galaxy Z Fold 3 and Galaxy Z Flip 3 in Korea since launch.

Samsung’s Z Fold 3 and Z Flip 3 are Selling Well in Korea!

Samsung Galaxy Z Flip 3

Samsung adds that these devices were the third fastest to achieve this feat, behind only the Galaxy Note 10 series and the rather dated Samsung Galaxy S8 series.

What this means is that the Z series of foldables from Samsung have seen better sales in Korea, at least for the initial part in contrast to the likes of the Galaxy Note 20 series, S10 Series and the Galaxy S20 and S21 series. We will have to hold off to see whether the company can build on this though.

The smartphone giant has mentioned that the Galaxy Z Flip 3 is accounting for around 70% of all devices, with the company also stating that around 54% of sales come  from by Gen Z or millennials. The reason for this success is likely the lower cost of the Galaxy Z Flip 3 in comparison to the Fold.

Read Also:  Samsung Galaxy Z Flip 3 Got Huge Price Cut, Selling For $850

As of now, there is no word in relation to the global sales, so we will have to wait for a while to see how Samsung has done in other markets, but, going by the Korean figures, these numbers are suggesting that Samsung has struck gold with the latest foldable handsets.

What Else is Going On for the Company?

samsung galaxy z fold 3

In other Samsung news, this Friday, Samsung Electronics is due to release only preliminary financial results for the third quarter in order to disclose them in full later, but analysts are already actively predicting that the Korean giant will achieve record results. In any case, operating profit should grow by 30% and reach a record value in three years – $ 14 billion.

The total revenue of the Korean conglomerate, according to experts interviewed by Reuters, will reach a record value of $ 62.7 billion, showing an increase of 11% in annual comparison.
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