Samsung to expand premium foldable smartphone, affordable 5G lineup

Despite component supply constraints across the industry, Samsung said on Thursday that it will further expand premium smartphone sales with Galaxy Z Flip3 Bespoke Edition while continuing sales momentum of the Galaxy S series.

At the same time, the company will proactively target replacement demand with competitive mass-market 5G lineup, and increase sales of device ecosystem products such as wearables, PCs and tablets.

Samsung has registered revenue increase for its mobile division from the second quarter. The IT and Mobile Communications Division posted KRW 28.42 trillion (over $24.2 billion) in consolidated revenue and KRW 3.36 trillion in operating profit (over $2.8 billion) for the third quarter (Q3).