Samsung India Receives 1 Lakh Pre-Orders for the Galaxy Z Flip 5 and Z Fold 5: Does Apple Need a Foldable Smartphone to Compete?

In the first 28 hours of bookings in India, the firm announced on Thursday that Samsung collected pre-orders for 1 lakh units of its fifth generation of ultra-premium foldable handsets, Galaxy Z Flip 5 and Z Fold 5. In comparison to the fourth-generation foldable (Galaxy Z Flip 4 and Z Fold 4), Samsung got 1.7 times more pre-orders for the Galaxy Z Flip 5 and Z Fold 5, according to a statement.

Galaxy Z Flip 5 and Z Fold 5: Release Date

The gadgets were released on 26 July 2023, and pre-orders began on 27 July 2023. The "Made in India" smartphones will be sold on 18 August.

Samsung's Verdict on Galaxy Z Flip 5 and Z Fold 5

 "We are overjoyed with the enthusiastic response to our newly launched Galaxy Z Flip 5 and Galaxy Z Fold 5 phones in India." The success of the Galaxy Z Flip 5 and Galaxy Z Fold 5 demonstrates that Indian customers are highly responsive to new developments. "I am confident that our new devices will help the mainstreaming of foldable, as well as help us consolidate our leadership in India," stated JB Park, President and CEO of Samsung Southwest Asia.

Galaxy Z Flip 5 and Z Fold 5: Price

The Samsung Galaxy Fold 5 costs between Rs. 1,54,000 lakh and Rs. 1,85,000 lakh, depending on the internal storage capacity, which ranges from 256GB to 1TB. The Samsung Galaxy Flip 5 will be available between Rs. 99,999 and Rs. 1,09,999.

According to Techarc's estimations, foldable (including flip) smartphones will account for over 1.8 percent of overall smartphone revenues in 2023. According to the forecast, approximately 6.35 lakh foldable smartphones will be sold in India this year, accounting for less than 0.5 percent of overall sales by volume expected for the time.

Will Samsung's Galaxy Z Flip 5 and Z Fold 5 Disrupt the market for Apple's iPhone 15 series?

If Samsung or any other competitor gains a strong foothold in the foldable smartphone market, it could impact Apple's market position. The success of foldable smartphones depends on technological advancements, consumer preferences, pricing, and the overall value proposition.

Apple's strategy carefully considers market trends, technology maturity, and user preferences. They have historically entered markets when they believe the technology and user experience align with their standards. While foldable smartphones present challenges, they also lead to opportunities for Apple to demonstrate its innovation and differentiate itself in the market.