Update: When IEN first published this story, we reported that Samsung had sold a million Fold phones to date. Samsung later clarified that the Samsung President Young Sohn misspoke, and that the company hasn't, in fact, sold a million Fold phones. The story is being updated to reflect this new information.
In summary:
- When Samsung first unveiled its foldable smart phone in April, the market was skeptical.
- Besides the design being untested waters, the first Samsung Folds were plagued with problems like cracking screens.
- The company redesigned the Fold and relaunched it in September.
- Recently, Samsung President Young Sohn suggested launching the product for review was key to getting the kind of feedback the company required to perfect it.
- If it were kept in the labs, they wouldn’t get the input they needed.
- TechCrunch senior editor Matt Burns asked Young if the company was comfortable selling a “beta device” for $2,000.
- Young said yes, and that the current sales figures justify the approach.
- Samsung hopes to sell 6 million Folds in 2020.
