Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens South China Daniel Wu and Xiao Zhan for the clue delivery! CTOnews.com, July 31 (Xinhua)-- Samsung will produce its flagship products Galaxy Z Fold 5 and Flip 5 in India to meet local demand, Samsung executives said on Thursday, according to the Economic Times of India.

Samsung Southwest Asia President and CEO J B Park said the two latest folding screen phones will be made at the Noida plant in Uttar Pradesh.

Samsung began producing Fold 4 and Flip 4 series in India in December last year, four months after their launch. CTOnews.com noted that unlike the fourth-generation folding screen series, which was not manufactured in India until four months after its launch, the Galaxy Z Fold 5 / Flip 5 was produced locally as soon as it was launched, and Indian consumers could buy the "made in India" Galaxy Fold 5 and Galaxy Flip 5 from the start.

Counterpoint Research, a market research and analysis company, predicts that global shipments of foldable smartphones will grow from 78.6 million in 2026 to 101.5 million in 2027, a market segment dominated by Samsung and Apple, which expects Apple's collapsible iPhone to be launched in 2025.

Samsung led the Indian smartphone market with a 20% share in the first quarter of 2023 and remained a leader in 5G phone shipments, accounting for 24%, according to market research firm.

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