
Samsung unveils thin $2000 Galaxy Z Fold 7 foldable phone as it aims to catch up with Chinese rivals
The $2000 Galaxy Z Fold 7, launching worldwide on July 25, opens like a book, and is noticeably thinner and lighter than its predecessor. The device measures 8.9 mm when folded shut, and weighs 215 gram, although the title of the world's thinnest foldable still belongs to the Honor Magic V5, which is just 8.8 mm thick.
'Foldables were a bold move by Samsung to leverage its expertise in flexible display technology and offer a highly differentiated product to compete with Apple,' Ben Wood, chief analyst at CCS Insight, told indianexpress.com on Wednesday.
Wood admits that the foldable phone category hasn't lived up to expectations. Consumers have questioned whether they actually need a foldable device and have expressed concerns about the durability of these phones.
However, Wood remains hopeful that the new products Samsung launched at its Unpacked summer showcase in New York will help reignite interest in foldables. 'With a slimmer, more competitive design, the Galaxy Z Fold 7 could play an important role in driving renewed interest,' he said.
The Galaxy Z Fold 7, announced alongside the Galaxy Z Flip 7 and the Galaxy Z Flip 7 FE, flip-style foldables priced at $1,099.99 and $899.99, respectively, is part of Samsung's long-term vision to be a category leader in foldables. However, the Galaxy Z Fold 7 remains the company's boldest bet at pushing the smartphone form factor with an extremely thin foldable phone.
Folding phones, which either open like a book or have a screen that folds in half, gained recognition when Samsung launched its first foldable device in 2019. In recent years, Honor, Oppo, and other Chinese smartphone makers have used slim foldable designs as a key differentiating factor from Samsung. The competition is only increasing, putting pressure on Samsung, one of the world's largest smartphone manufacturers.
Samsung's new foldables feature improved designs, better durability, and a host of AI capabilities that could help the company reclaim its position as the leading foldable smartphone maker and boost sales. The entry-level Galaxy Z Flip 7 FE, in particular, could open up a new market for foldables, as some analysts believe it may expand the consumer base in key markets, reaching those who had considered buying a foldable phone in the past but were deterred by the high price.
'Having a device that is the size and weight of a traditional smartphone, but with the added benefit of opening to reveal a large display the size of a mini-tablet, is very compelling,' Wood said, when asked how a phone like the Galaxy Z Fold 7 offers a differentiated experience to users.
'The challenge is that these devices remain extremely expensive, and consumers are still nervous about their durability over long-term use. There needs to be more education to convince consumers that these devices are indeed robust. Over time, they will undoubtedly move further down the price curve, which could make them more attractive to a wider audience.'
With the Galaxy Z Fold 7, Samsung is placing its bet on a form factor that has achieved the thinness of traditional smartphones, while offering a tablet-sized inner display for enhanced multitasking and more immersive video consumption.
That may be the biggest differentiating factor between regular smartphones and foldable devices. Samsung Electronics Co is trying to woo a new set of consumers with its foldable phones. Unlike a laptop or tablet, which can perform similar tasks, a foldable slips easily into any pocket that fits a smartphone.
The new foldables test Samsung's marketing muscle and design prowess in a challenging smartphone market, amid economic uncertainty and tariff headwinds. Samsung is charging an upfront premium for these devices, yielding higher profit margins, but there is still a long road ahead to prove that foldables are the devices people never knew they needed.
Foldables remain a small slice of the overall worldwide smartphone market, with some analysts predicting just a 2 per cent share this year. However, experts say the opportunity for Samsung is significant, particularly in expanding its market share in the premium smartphone segment in key markets like India.
Samsung is manufacturing its new foldables domestically in India. Apple, Samsung's biggest rival in the high-end smartphone market, has been notably absent from the foldables space but is rumoured to launch its first folding iPhone sometime next year.
(The writer is attending the Galaxy Unpacked in New York on the behalf of Samsung India)
Anuj Bhatia is a personal technology writer at indianexpress.com who has been covering smartphones, personal computers, gaming, apps, and lifestyle tech actively since 2011. He specialises in writing longer-form feature articles and explainers on trending tech topics. His unique interests encompass delving into vintage tech, retro gaming and composing in-depth narratives on the intersection of history, technology, and popular culture. He covers major international tech conferences and product launches from the world's biggest and most valuable tech brands including Apple, Google and others. At the same time, he also extensively covers indie, home-grown tech startups. Prior to joining The Indian Express in late 2016, he served as a senior tech writer at My Mobile magazine and previously held roles as a reviewer and tech writer at Gizbot. Anuj holds a postgraduate degree from Banaras Hindu University. You can find Anuj on Linkedin.
Email: anuj.bhatia@indianexpress.com ... Read More
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Time of India
2 hours ago
- Time of India
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Global institutional adoption of Bitcoin as a store of value and inflation hedge of Bitcoin as a store of value and inflation hedge Sovereign wealth funds and central banks accumulating BTC as a reserve asset accumulating BTC as a reserve asset Hyperbitcoinization — a scenario where Bitcoin becomes a default global currency — a scenario where Bitcoin becomes a default global currency Increasing scarcity due to halving cycles and limited supply (only 21 million BTC) What is the logic behind Saylor's tokenization vision? Tired of too many ads? Remove Ads Is a 10,500% Bitcoin rally realistic? Current BTC price : ~$118,000 : ~$118,000 Projected price (per Saylor's theory) : ~$12,390,000 : ~$12,390,000 Required market cap : ~$300 trillion : ~$300 trillion Bitcoin supply: 21 million (max) Can the global economy really support a $273 trillion Bitcoin market cap? Could Bitcoin still outperform traditional assets? Is Satoshi Nakamoto really about to surpass Warren Buffett in wealth? 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This historic milestone has fueled bullish sentiment among long-term holders and institutions least briefly. On Monday, July 14, Bitcoin's price surged past $123,000, lifting its market value to $2.4 trillion, placing it alongside companies like Amazon, which took 30 years to reach the same valuation since its founding in 1994. Even more astonishing, Bitcoin has now outpaced major firms like Alphabet, Meta Platforms, and Tesla in market context, Amazon has over 600 million products, massive cloud infrastructure through AWS, and streams to millions via Prime Video. Meanwhile, Bitcoin has no revenue, no employees, and no CEO—yet here it is, standing shoulder-to-shoulder with the world's biggest Saylor, now Chairman of MicroStrategy (NASDAQ: MSTR), is one of Bitcoin's most vocal supporters. Under his leadership, MicroStrategy transformed into the largest Bitcoin-holding public company with 601,550 BTC worth roughly $71 envisions a future where Bitcoin becomes the global reserve asset powering a blockchain-based financial system. He estimates that $500 trillion worth of global assets—real estate, bonds, stocks—could be tokenized on the blockchain. If Bitcoin becomes the standard currency for that ecosystem, Saylor argues that demand could push its price to $13 million per coin, resulting in a $273 trillion market these factors align, MicroStrategy believes Bitcoin's total market value could skyrocket to— up from $2.3 trillion today — driving the projected 10,500% price nine times the current size of the entire U.S. to Saylor, the traditional financial system is full of friction. Real estate transactions, for example, require lawyers, paperwork, and months of due diligence. 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Most people will still need to convert Bitcoin to fiat currency for daily spending. With only 6,600 merchants worldwide accepting Bitcoin (as per Cryptwerk), the use case as a currency remains limits long-term demand and could prevent prices from skyrocketing to Saylor's Many investors now view Bitcoin as digital gold . Gold's total above-ground value stands at around $22.4 trillion, and if Bitcoin were to match that, its price per coin would be around $1.06 million. That represents a 770% upside from its current high of $123, Saylor's $13 million forecast, this target feels more attainable, especially as institutional investors and sovereign funds slowly warm up to Bitcoin. Firms like BlackRock and Fidelity have already launched Bitcoin ETFs, signaling growing mainstream Bitcoin's recent rally, the anonymous Bitcoin creator Satoshi Nakamoto now holds an estimated $134 billion worth of BTC—just shy of Warren Buffett's $142 billion net worth, according to Forbes. 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It's a $2.4 trillion juggernaut now standing toe-to-toe with the giants of tech—and that alone is a headline worth paying attention possible, but highly unlikely due to economic and adoption it briefly surpassed Amazon's market cap by hitting $2.4 trillion.


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