Samsung Tracking Apple's Path? Korean Tech Giant To Make Galaxy Foldable Phones In India
Portfolio Pulse from Shomik Sen Bhattacharjee
Samsung (OTC:SSNLF) plans to manufacture its newest foldable smartphones, the Galaxy Z Flip5 and Galaxy Z Fold5, in its factory in northern India, aiming to tap into the growing Indian premium smartphone market. The company is offering special deals to attract cost-conscious buyers and is expanding its retail presence by 30-40% compared to last year. Samsung's move follows Apple Inc (NASDAQ:AAPL) which also plans on making its upcoming flagship iPhones in India.
July 27, 2023 | 11:25 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Samsung's decision to manufacture its newest foldable smartphones in India could boost its market share in the country's growing premium smartphone market.
Samsung's decision to manufacture its newest foldable smartphones in India is a strategic move to tap into the growing premium smartphone market in the country. This could potentially increase its market share and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple's plan to manufacture its upcoming flagship iPhones in India could be impacted by Samsung's similar move.
Samsung's decision to manufacture its newest foldable smartphones in India could pose a challenge to Apple's similar plans. This could potentially impact Apple's market share and revenues in the country.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50