Samsung on Wednesday launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5.
Motorola plans to bring out a new version of its foldable Razr device later this year. Lenovo owns Motorola.
Still, that gives the industry ample room to grow. And, as people who've held on to their phones for longer near their chance to upgrade or trade their old phone in, they're more likely to buy the top-of-the-range smartphones rather than older, less advanced ones. The advances on the Galaxy Fold 5 are less noticeable than those on the new Galaxy Z Flip, with Samsung mainly offering more incremental updates.
For instance, when using the Galaxy Fold 5, you can fold the device out to a tablet-like slab and display one app on one half, and another app on the other.That the launch was from one of the largest U.S. tech companies — and the owner of Android — lent some credibility to the market. Samsung is doubling down on foldables even as the smartphone market more broadly is contracting. Global smartphone sales declined 11% year over year in the second quarter of 2023 amid gloomy demand, according to analyst firm Canalys."The smartphone market is sending early signals of recovery after six consecutive quarters of decline since 2022," said Le Xuan Chiew, analyst at Canalys, in a report last week.
The Tab S9 has a 120-hertz display for smoother scrolling and can be viewed more easily outdoors, Samsung said.
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