A day after reports of Samsung selling one million units of its controversy-ridden first foldable smartphone -- Galaxy Fold -- the company has reportedly denied achieving the ambitious sales figure.
According to Yonhap News, a company spokesperson clarified that Samsung Electronics President Sohn Young-Kwon, who announced the one million sales figure at a conference, may have confused it with the company's initial sales target for the year.
It was earlier expected that Samsung would sell about 400,000 to 500,000 units of the Galaxy Fold. Industry analysts now estimate the company to sell around 6 million units in 2020.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
