It was also told in this report that Samsung has started ordering components for these smartphones. This will make it easier for the company to launch these foldable smartphones by July. another one Report The possible date of their launch has also been told. Korean publication Chosun has reported that Samsung Galaxy Z Fold 5 and Galaxy Z Flip 5 can be launched on July 26. The launch will take place in Seoul, the capital of South Korea. Samsung’s previous launches have mainly been in the US. The company had organized the Unpacked launch event in August last year. The launch date of these smartphones is being decided in a few weeks.
However, competition has increased for Samsung in the segment of foldable smartphones. Companies like Oppo, Vivo and Motorola have also launched their smartphones in this segment. A large display can be given in Samsung Galaxy Z Flip 5. The company’s Galaxy Z Fold 5 is likely to get some upgrades. Qualcomm’s new Snapdragon 8 Gen 2 SoC can be given in both these smartphones.
Samsung’s operating profit declined to KRW 640 billion (about Rs 3,900 crore) in the first quarter. This is a decrease of about 95 per cent compared to the same period last year. The company’s net income declined by 86.1 percent to KRW 1.57 lakh crore (roughly Rs. 9,575 crore). Its sales fell 18 percent to KRW 63.75 lakh crore (roughly Rs. 3,88,800 crore). The company said that the consumer has reduced spending amid uncertainty about the economic situation. Apart from this, the decrease in demand for memory chips has also affected Samsung’s business. The memory chip segment accounts for almost half of the company’s profits.