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Samsung has received record-breaking pre-orders for its first-gen foldable smartphones in its home country South Korea. According to local reports, the pre-order volume for the Galaxy Z Fold 5 and Galaxy Z Flip 5 has surpassed a million within a week. It’s a record high for folding devices.
Samsung unveiled the new foldables on July 26, alongside the Galaxy Tab S9 series flagship tablets and Galaxy Watch 6 series smartwatches. It immediately opened pre-orders for all of these products in most markets around the world. However, as usual, South Koreans had to wait a little longer. Pre-orders opened in the country on August 1 and ran through August 7 (until August 10 in other markets).
The company has now revealed that the Galaxy Z Fold 5 and Galaxy Z Flip 5 raked in 1.02 million pre-orders during this one week in its homeland. That’s slightly more than the 970,000 pre-orders received by 2022 models. As Samsung’s mobile chief TM Roh estimated recently, the popularity of the Flip model has increased this year. It accounted for 70 percent of all pre-orders, Yonhap News Agency reports. It was a 60-40 split between Galaxy Z Flip 4 and Galaxy Z Fold 4 last year.
Roh also estimated that the sales of Samsung’s foldable smartphones will grow 50 percent globally in 2023. The Korean firm is aiming to sell about 15 million units of the Galaxy Z Fold 5 and Galaxy Z Flip 5 combined, which could mean a 75 percent share in the global market. About 20 million foldables are expected to sell globally this year. Samsung has started well, but only time will tell if it hits the target. Foldables haven’t been able to penetrate the US market, so the company has its task cut out.
You can still pre-order Galaxy Z Fold 5 and Galaxy Z Flip 5
As said earlier, Samsung is still taking pre-orders for the Galaxy Z Fold 5 and Galaxy Z Flip 5 in some other markets. The company offers several benefits to those who pre-order the foldables rather than pick one up after general sales begin on August 11. These benefits vary from market to market, so make sure to check the Korean firm’s official website for your country.
Pre-order benefits in South Korea included a free Galaxy Watch 6 (44mm Bluetooth) with the 1TB Galaxy Z Fold 5, free memory upgrade, free Samsung Care+ for a year, free cases, Samsung Store credits, discounts on Galaxy accessories, and several partner offers such as four months of YouTube Premium, six months of Microsoft 365 Basic, in-game items, and more.