Samsung will show off its foldable phone in February and it might be called the Fold, Galaxy Fold, or Galaxy F
- The world's biggest phone company is reportedly ready to show off a fully functional foldable smartphone.
- Samsung is preparing to show off the device in London and San Francisco on February 20, according to the Wall Street Journal.
- The device might be called the "Fold", "Galaxy Fold", or "Galaxy F."
- Samsung still hasn't determined a sale date, but it's indicated the device will be available in the spring.
Samsung is the world's biggest smartphone maker, according to IDC, accounting for 20% of all mobile phone shipments globally in the third quarter of 2018. The second biggest is another Asian phone maker, Huawei, which holds 15% of the market, with Apple in third place at 13%.
While it's Apple which has been in the news for declining iPhone sales, there's a wider drag on the smartphone market that's also impacting Samsung. IDC noted an overall decline of around 6% in phone shipments for the third quarter, and pointed to economic instability and the fact fewer people are replacing their smartphones.Like Apple, Samsung suffered a year-on-year decline in its shipment numbers, according to IDC. Its shipments were down two percentage points.
Samsung warned earlier this month that its fourth-quarter operating profit and revenue declined, and blamed the slowdown in China.
The foldable phone, then, is the firm's latest shot at producing another hit phone, with a major innovation that may land well with consumers. As quality smartphones become commoditised, it is harder for the top-tier manufacturers to offer more than incremental upgrades even on their flagship devices.
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