According to Samsung, the enterprise market for its foldable handsets is booming due to their huge displays, which make working while on the road easier. The quantity of Galaxy Z Fold and Galaxy Z Flip phones shipped has increased significantly year over year. When Samsung compared the months of January through October of this year to the same months of the previous year, the number of foldable phones sold to enterprises increased by 105%.
When compared to other smartphones, foldables are still extremely expensive, and apps are still being tailored to the dramatically different form factor. However, according to Samsung, shipments of foldable devices are anticipated to reach 16 million units globally, a 73% rise year over year. 26 million units are anticipated to be shipped in 2023, ushering in the form factor as a standard.
Samsung Galaxy foldable smartphones, according to KC Choi, EVP and Head of Global Mobile B2B Team, MX Business at Samsung Electronics, “were intended to provide up prospects for new ways to work and explore creativity.” “This quick increase in investment shows our enterprise customers need significant advances to increase employee productivity.”
According to Samsung, the financial services industry has so far shown the greatest interest in foldables. This might be because, according to a representative group, 74% of workers in that industry rely on mobile apps to stay connected, and using apps on larger screens is simpler.
Samsung hasn’t been slow to observe how these foldables are being used by business customers. Samsung has worked with Bloomberg, DocuSign, and IBM to adapt their programmes for the form factor in an effort to accelerate uptake. Investment professionals utilise Bloomberg’s Bloomberg Professional app, which has been upgraded to fit the larger form size and is now more immersive and intuitive.
24 of the top 25 Fortune 500 Financial organisations utilise DocuSign, which enables businesses to digitally sign documents. Users may use the app without difficulty on foldables now that it has been optimised for Samsung devices, and S Pen functionality allows users to drag and drop email attachments and sign documents. To make its apps compatible with the form factor and the S Pen, Samsung also collaborated with IBM.
Samsung currently offers the Galaxy Z Fold4 and Galaxy Z Flip4 as its foldable devices. They were unveiled by the Korean business in August and were priced at $1,799 and $999.99, but if you look around long enough, you may locate refurbs for far less money.