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Samsung Launches New Compact 5G Foldable Phone Priced at $1380

By John F. Heerdink, Jr.

This week, Samsung Electronics presented its foldable smartphone shaped like a large makeup compact with 5G network capabilities. The Galaxy Z Flip with folding glass starts as a large square when closed and expands like most smartphones. The smartphone priced at $1380 will be available in purple, gold, and black. The launch marks the second attempt of Samsung in the foldable smartphone league, after a delayed roll-out last year.

“Everybody wants it to have 5G, but with the segment, they’re targeting of style-conscious younger folks, right now I think they are going to be OK,” without 5G in the Z Flip,” stated Patrick Moorhead of Moor Insights & Strategy.

As per IDC, Samsung dominated 21.6% of the global smartphone market but lost the battle to Apple Inc for December quarter after its much cheaper iPhone 11 launch. Its competitors Huawei has released folding phones in China, but Apple is yet to release any version of a 5G iPhone.

Foldables are expensive and very hard to manufacture. It will take time for foldables to become mass-market products,” stated Neil Mawston, an analyst at Strategy Analytics, expecting a mass-market takeoff by 2022 or 2023.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Samsung unveils compact foldable phone, 5G Galaxy S20 to fend off Apple, Huawei in Reuters)


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