Samsung Galaxy Z Fold Special Edition Sells Out in South Korea, Highlighting the Huge Potential of the Foldable Phone Market

Samsung Galaxy Z Fold Special Edition Sells Out in South Korea, Highlighting the Huge Potential of the Foldable Phone MarketFinancial Association News learned from industry media reports that Samsung released the Galaxy Z Fold Special Edition phone a few days ago and launched it in South Korea. This upgraded foldable phone seems to be well-received by Korean consumers, selling out in just 10 minutes after its launch

Samsung Galaxy Z Fold Special Edition Sells Out in South Korea, Highlighting the Huge Potential of the Foldable Phone Market

Financial Association News learned from industry media reports that Samsung released the Galaxy Z Fold Special Edition phone a few days ago and launched it in South Korea. This upgraded foldable phone seems to be well-received by Korean consumers, selling out in just 10 minutes after its launch. Reasons for the popularity of the Galaxy Z Fold Special Edition include its lighter and thinner design, upgraded camera system, and higher memory configuration.

The hot sales of Samsung Galaxy Z Fold Special Edition once again confirm the booming development of the foldable phone market. The latest mobile phone quarterly tracking report released by IDC shows that the shipment volume of foldable phones in China reached 2.23 million units in the third quarter of 2024, maintaining year-on-year growth. The report mentions that although foldable phones have experienced rapid development in the five years since their debut in 2019, their market penetration rate remains only 3.2% (in the first three quarters of 2024).

This does not mean that the foldable phone market is developing slowly. On the contrary, it has huge potential. Oriental Fortune Securities stated that according to data disclosed by IDC and TrendForce, the shipment volume of foldable phones has maintained a high growth rate for a long time, and the penetration rate is expected to continue to increase, reaching 4.8% in 2028. With the gradual iteration and update of technologies such as Huawei's tri-fold screen patents, foldable terminals are expected to open up a larger market space.

The development of the foldable phone market has also driven the performance growth of related listed companies. Changying Precision provides foldable phone structural components to OPPO and vivo. Its business benefits from the rapid development of the foldable phone market. VOG Optoelectronics possesses UTG glass technology. Currently, the glass-based ultra-thin technology is mainly used in the company's glass-based integrated circuit substrate products, and it is expected to gain more applications in the foldable phone market in the future. Tongxingda has made preparations for flexible screen-related technologies and is expected to gain a share in the foldable phone market in the future.

In conclusion, the hot sales of Samsung Galaxy Z Fold Special Edition in South Korea are a microcosm of the development of the foldable phone market. In the future, with the continuous advancement of technology and the increasing acceptance of foldable phones by consumers, the foldable phone market is expected to usher in greater development opportunities. Related listed companies will also gain greater development space in this market.