[Update: Less than 500,000] Samsung has sold 1 million Galaxy Folds so far

Ben Schoon | Jan 8 2020 - 8:43 am PT

Foldable phones are still in their infancy right now, but the Galaxy Fold proved the concept could be sold to more people. Apparently, Samsung saw success with Galaxy Fold sales in 2019 with 1 million devices sold so far.

Samsung Electronic’s President Young Sohn revealed at TechCrunch Disrupt this week how well the Galaxy Fold has been selling. Apparently, the company has managed to sell a whopping 1 million units of the Fold so far. That’s up from a 500,000 estimate in October too.

…I think that the point is, we’re selling [a] million of these products. There’s a million people that want to use this product at $2,000.

Considering the expensive $2,000 price tag and all of the issues Samsung faced when the device first launched earlier this year, that’s an astounding figure.

Update 12/13: Well, that didn’t last long. Just a day after it was reported the Galaxy Fold sales had hit 1 million units, Samsung has said that figure is incorrect. Yonhap News, speaking with a Samsung representative, (via SamMobile) learned that the Fold has yet to pass that milestone. That spokesperson believes that Young Sohn mistakenly said the 1 million figure, confusing a sales target with the actual total.

Update 1/8: According to Samsung CEO DJ Koh, the sales of the Galaxy Fold were indeed much less than 1,000,000 total units. Apparently, Koh believes Galaxy Fold has sold somewhere between 400,000 and 500,000 units in total. Yonhap News pointed out the statement and they also mention that this number actually matches what analysts assumed.

Samsung’s next foldable device is coming soon.

Samsung also has lofty goals for foldable sales beyond the Galaxy Fold. For 2020, Samsung is aiming to sell 6 million foldable smartphones through the year according to previous reports. Presumably, much of that will rest on its clamshell foldable which is rumored to arrive alongside the Galaxy S11. That device may also come at a much lower price point of under $1,000.