Samsung cuts Galaxy Z Fold 7 and Flip 7 production by nearly 40% due to lower demand

Samsung is reportedly cutting production of its Galaxy Z Fold 7 and Z Flip 7 by nearly 40%. The company plans to produce around 5 million units, down from 8.2 million for the current models, due to lower demand. This reduction reflects a broader trend in the foldable phone market, with other brands also scaling back production. Analysts indicate that foldables are expected to represent only 1.5% of the smartphone market by the end of 2024. In contrast, Samsung plans to increase production of its Galaxy S series to 37.4 million units for the upcoming S25 series, a 7% increase from the previous generation.