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Samsung retains its top position in global foldable phone market despite 10% drop: Report

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Samsung 55th shareholders meeting

Samsung has been leading the foldable phone market for years, and this time too the South Korean tech giant has retained its top spot in the global foldable smartphone market, but with a drop of 10%. While Huawei’s foldable phone shipments have risen to 12% resulting in a great success.

According to the report of TrendForce, the global shipments of foldable phones reached 15.9 million units in 2023, marking a 25% year-on-year increase and accounting for approximately 1.4% of the overall market.

To be mentioned, the foldable smartphone market growth of 2023 growth would be 43 percent higher than the previous year, when shipments hit 18.3 million units. But, the shipments are expected to rise to about 17.7 million units in 2024, growing by 11% and slightly increasing the market share to 1.5%.

However, this growth rate also remains below market expectations, with the segment’s share predicted to exceed 2% only by 2025.

Talking especially about brand performance, so the market share of Samsung has declined by 10%, it was 80% in 2022 and in 2023 it slipped to 70%, but despite having a drop, the Korean tech firm remains a leader in the global foldable phone market.

The shipment of Huawei foldable phones has risen to 12% and other brands like Xiaomi, Oppo, and Vivo have kept their shares below 10%. However, Samsung seems to be getting prepared for the 2024 foldable smartphone war with the development of its upcoming Galaxy Z Fold 6 and Galaxy Z  Flip 6 devices.

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TrendForce

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Google Wallet’s tap-to-pay for Wear OS may soon include PIN authentication

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Google Wallet Wear OS PIN

Google is reportedly introducing a PIN code requirement for tap-to-pay transactions on Wear OS devices, similar to the authentication process on Android phones. Some users have reported this change, although it is not yet available for all Wear OS users.

The new change to Google Wallet aims to improve security, but it could complicate the charge process on smartwatches. Wear OS is known for its high security, often asking for a PIN if the device is not firmly on the wrist. Introducing a mandatory PIN entry before payments suggests that Google may have concerns about the current security of Wear OS.

According to 9to5Google, users need to open the Google Wallet app before tapping to make a payment to avoid failed transactions if the change is implemented.

Google recently updated its security for phone payments, requiring users to verify their identity before making a payment. For those who find the new phone security measures inconvenient, Wear OS was an easier option. However, entering a PIN on a small screen is less convenient than using a fingerprint.

Google Wallet Wear OS PIN

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Samsung Galaxy Ring’s sizes, model numbers revealed

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Samsung Galaxy Ring Honor

Samsung will debut a new “SM-Q” lineup for Galaxy Ring, with first-gen product coming this year in three colors and nine sizes. GalaxyClub found eight of nine model numbers and sizes of Samsung’s smart ring, which may be introduced later this year.

According to the info, the Samsung Galaxy Ring would carry model numbers from SM-Q500 to SM-Q509. The publication spotted eight mode numbers, indicating there’s room for another size/variant (up to two). Check the model numbers spotted so far below:

  1. SM-Q500
  2. SM-Q501
  3. SM-Q502
  4. SM-Q505
  5. SM-Q506
  6. SM-Q507
  7. SM-Q508
  8. SM-Q509

It’s expected that the SM-Q500 will be the smallest, and the SM-Q509 the largest, corresponding to the American ring sizes 5 to 13. Notably, SM-Q503 or SM-Q504 are missing from the model numbers series. It indicates that Samsung might add two more Galaxy Ring models.

The South Korean tech giant may hold its next Unpacked event in July this year. Besides new foldable phones, the company would release the Galaxy Ring also. The Watch 7 series could also consist of three models including a Standard, Pro, and Classic.

Stay up-to-date on Samsung Galaxy, One UI & Tech Stuffs by following Sammy Fans on X/Twitter. You can also discover the latest news, polls, reviews, and new features for Samsung & Google Apps, Galaxy Phones, and the One UI/Android operating system.

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Samsung Galaxy C55 launches with leather back, Snapdragon chip in China

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Samsung Galaxy C55

Samsung launches the Galaxy C55 in China, which shares Galaxy M55’s specs alongside a leather back. The company has silently listed this device on its China website, with sale likely to commence on April 28.

The phone’s design takes center stage, which includes a linear camera layout, a smooth shape and narrow bezels that are convenient and comfortable to hold, and an eye-catching plain leather back cover full of premium texture.

Similar to Samsung’s M55, the Galaxy C55 comes with a Snapdragon 7 Gen 1 chip and a 50MP selfie camera in China. The phone starts at 2,000 yuan (~$275), while the higher memory variant costs 2,300 yuan (roughly $320).

The device sports a 6.7-inch Super AMOLED FHD+ display with a 120Hz refresh rate. In terms of optics, it consists of a 50-megapixel main sensor, as well as 8-megapixel ultrawide and 5-megapixel macro cameras.

It has a 5000mAh battery that supports 45W fast charging. Notably, the C55/M55 lags behind the Galaxy A55, which is equipped with Samsung’s in-house Exynos chip paired with an AMD graphics processing unit.

The company pledged up to 4 generations of OS upgrades and up to 5 years of security updates. You will also find some pro-grade features like an in-display fingerprint sensor, and Samsung Knox security.

Stay up-to-date on Samsung Galaxy, One UI & Tech Stuffs by following Sammy Fans on X/Twitter. You can also discover the latest news, polls, reviews, and new features for Samsung & Google Apps, Galaxy Phones, and the One UI/Android operating system.

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