As per the earlier reports which suggested that Samsung is working on the foldable smartphone and no it seems that the device is going to be real earlier than it is expected. Samsung has sent the invite for the event on 11th October.
The invitation offered few details but the mention of “4x fun” led to speculation the about a new smartphone with four cameras or possibly a foldable handset. The South Korean electronics giant, the world’s leading smartphone maker, unveiled its latest flagship Galaxy Note 9 in August.
Talking about the launch of the foldable smartphone, the President and CEO of IT and Mobile Communications Division, Samsung Electronics, D.J. Koh, was quoted as saying by CNBC late on Tuesday: “It’s time to deliver on a foldable device after consumer surveys showed that there is a market for that kind of handset.”
Samsung this step seems to boost momentum in a sluggish smartphone market. The foldable smartphone is one of the new designs that will come in the market (if it became reality), and yes possibly give the Chinese smartphone manufacturer option to launch the new designed Smartphone.
It has been reported that Samsung signed a deal of foldable screen with Vivo and Xiaomi. This is an indication of foldable devices coming from those companies as well which may feature Samsung foldable display.
Research firm IDC expects worldwide smartphone shipments to decline 0.7 percent in 2018 to 1.455 billion units, with growth likely to resume as 5G devices become available. Despite its leadership position, Samsung saw a 22 percent drop in mobile technology sales in the second quarter. The news from Samsung comes days after Apple unveiled a new lineup of iPhones focusing on the premium smartphone segment at prices starting between $749 and $1,099 for US customers.
If you see October is going to be eventful as the event from Google for the launch of Pixel 3 and Pixel 3 XL on October 9 followed by the Launch of Razer Phone 2 on October 10 and the Samsung event to launch the 4-camera smartphone, which can also be the first foldable smartphone in the market.