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Stock impact report

Samsung to launch Galaxy Fold in S.Korea on Sept. 6 priced $2,000 [Reuters]

SK Telecom Co., Ltd. (SKM) 
Company Research Source: Reuters
Samsung to launch Galaxy Fold in South Korea on September 6 priced $2,000 - Reuters 2 Min Read SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said its first foldable smartphone, the Galaxy Fold, will be available in South Korea from Sept. 6 with fifth-generation (5G) mobile connectivity. The world’s largest smartphone vendor said the device would be priced 2.398 million won ($1,977.47). The highly anticipated handset was originally due to hit the U.S. market in April but the launch was delayed by screen defects detected in samples. The firm said it would offer 5G and LTE-enabled versions of the Galaxy Fold in select countries including Britain, France, Germany and the United States. It did not provide release dates. Samsung has promised to usher in a new age of foldables as part of its effort to showcase innovation in a saturated smartphone market. The company announced in July it would be ready to sell the Galaxy Fold in September after making changes including strengthenin Show less Read more
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