Samsung is hoping to achieve a market share of over 50% in India s super-premium price segment with the release of its latest foldable smartphones, according to TM Roh, president and head of MX business at Samsung Electronics. The company already accounts for 35% of this area, seen as one of its largest and quickest-growing markets. Roh added that Samsung hopes the foldable market will reach 100 million units per year within the next five years and that the foldable phone form factor will expand to other product categories, such as tablets and PCs.
“In the second half of 2023, with the new and improved Galaxy Z Fold5 and Z Flip5, we will be solidifying our foldable leadership in the India market,” said TM Roh, president and head of MX (Mobile Experiences) business, Samsung Electronics.
As achieving sustainability becomes a daunting task for the governments globally, Samsung on Wednesday said it is seeking innovative ideas from startups in the field, including the bustling Indian climate-tech startup community, to invest in .