Samsung Galaxy Fold finally ready for launch, to hit markets in September

Samsung's first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.

Samsung is hoping its highly anticipated foldable phone will revive flagging smartphone sales but its rollout has been hampered by defects in samples reported in April, when it was originally due to hit the US market. The delays cost the South Korean tech giant sales that could have provided a decent bump in revenue during the slow summer season.

Samsung said in a statement it had made improvements to the nearly $2,000 phone and was conducting final tests. Changes included strengthening hinges which early reviewers had found to be problematic.

Analysts said headlines about glitches with sample Folds would dampen consumer excitement around the launch."Consumer confidence in Galaxy Fold has significantly deteriorated. If Samsung manages to sell 300,000 devices this year, that can be a decent performance given the delay," said Kim Young-woo, an analyst at SK Securities. Read Complete Article