Samsung eyes 50% market share in premium segment with Fold 5, Flip 5

Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple.

Super premium smartphone segment comprises handsets priced above USD 1,000 (about Rs 82,000).

Samsung Electronics president and head of Mobile eXperience Business T M Roh said that the company aims to increase its market share to 50 per cent with the launch of Galaxy Fold 5 and Galaxy Flip 5 in the super premium segment from 35 per cent at present.