Samsung Axes $2,899 TriFold Phone After Three-Month Run

Samsung is reducing sales of its Galaxy Z TriFold smartphone after about three months on the market,

Will the decline in the Samsung stock stop after the release of s25

Quick overview

  • Samsung is halting sales of its Galaxy Z TriFold smartphone after three months, indicating it was intended as a technological showcase rather than a staple product.
  • Sales will first stop in South Korea, followed by the US after existing inventory is cleared.
  • The device, priced at $2,899, has been marked as 'sold out' on Samsung's website, although some units are still reportedly available at select stores.
  • The TriFold was only sold directly through Samsung, with no availability through mobile carriers or retailers.

Samsung is reducing sales of its Galaxy Z TriFold smartphone after about three months on the market, indicating that the $2,899 device was never meant to be a mainstay of the company’s mobile lineup but rather a technological showcase.

Tesla is making a major investment into AI chips from Samsung.

The Korean company will start by stopping sales in its home market before it ends operations in the US after clearing out any remaining inventory.

This month, Samsung’s website ceased hinting at upcoming restocks of the cutting-edge foldable, which has two hinges and unfolds into a large 10-inch tablet. This move was expected. The TriFold is now marked as “sold out

According to reports on Reddit and social media, buyers have recently been able to locate stocks at Samsung Experience Stores in Queens, New York, and Frisco, Texas, suggesting that at least some units are still available. As a demonstration of its engineering prowess, Samsung unveiled the gadget towards the end of last year. However, the device’s price quickly made it a specialized purchase for the wealthiest early adopters.  Its debut in South Korea was for 3.59 million won on December 12.  Although the device has its share of drawbacks, Samsung has emphasized the multitasking potential of the large screen.

The TriFold could only be bought straight from Samsung. Another indication of the TriFold’s brief existence is the fact that mobile carriers and retailers never made it available to customers. Won-Joon Choi, chief operating officer of Samsung’s Mobile Experience Business, stated in an interview last month that the company had not made a decision on the TriFold.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

Related Articles

HFM

HFM rest

Pu Prime

XM

Best Forex Brokers