As uncertainties around smartphone launches continue, Samsung has more or less confirmed the arrival of the Galaxy Note 20 and Galaxy Fold 2 handset in the second half of 2020.
In its latest earnings report, the South Korean giant says that it will launch new foldable and Note models in H2 2020.
While it doesn't explicitly state that the names of the models, Samsung notes that its mobile communications business aims to strengthen its product lineup by introducing "new premium models and expanding offerings of 5G models for the mass market."
Samsung explains in its latest Q1 2020 earnings report that it expects mobile demand to decline sharply in the second quarter due to the economic downturn caused by COVID-19.
However, the company looks to continue offering differentiated smartphone products in the second half of 2020 to stay relevant in the competitive market and recover from the weakness in the first half.
Apart from launching new foldable and Note models, the company also plans ‘to enhance product competitiveness by expanding 5G adoption to mass-market smartphones and improve operational efficiency across all areas throughout R&D, production, supply, channel and marketing.'
Samsung released the Galaxy Z Flip foldable phone earlier, and the earnings report says that the ASP of flagship smartphones increased thanks to the solid sales of this foldable phone.
The company's second foldable device for 2020 should most likely be the Galaxy Fold 2.
The foldable phone has been leaked heavily in the recent past, and it is tipped suggests to sport a bigger external display, better cameras, and dual selfie hole-punch cameras as well. It is expected to adopt the ultra-thin glass technology seen on the Galaxy Z Flip for added durability.
Asianet.in/ Desk: Asianet Online