If the flood of pre-orders for Samsung's Galaxy Fold is anything to go by.... this next iteration of the smartphone -- the foldable phone -- is likely to be the next BIG thing.
The competition among the usual players to stamp their presence of the market early is red hot.
There's also the exclusivity aspect... as these foldable devices are likely to be in short supply for some time to come.
Lee Kyungeun tell us more.

It took only 15 minutes for the first pre-order of the Galaxy Fold to completely sell out.

Thousands of units were immediately bought on Samsung's official website on Wednesday as well as the during the second pre-order on Friday.
The situation was no different for local mobile carriers and electronic retail shops.

The premium gadget is priced as high as 2-million-4-hundred-thousand Korean won or two-thousand U.S. dollars, but that high price-tag isn't putting off those looking to be the first to get their hands on the Galaxy Fold.

More than 20-thousand units have been sold already, and some people are even willing to pay as much as four-thousand dollars to buy the phone off re-sellers.

But it's not just high demand that is causing the phone to sell out.

Industry experts are pointing to under-supply as the main cause, with analysts giving varying explanations for the supply shortage.

Some claim Samsung is artificially holding back the supply for marketing purposes.
The high price and limited stocks make customers who do get their hands on the phone feel special.

Others say that with Japan's export curbs on high-tech materials, Samsung could be struggling to secure related components, namely polyimide, as Japan's Sumitomo Chemical has monopolized production of the component.
Samsung has previously denied such concerns.

There's also technical issues to consider.
The Galaxy Fold is the world's first foldable smartphone and already saw its launch delayed due to technical defects in April. As a result, it requires a longer manufacturing process and stricter inspections, especially at such early stage of its release.

With no details known about the next pre-order, there's still excitement among those consumers who are eager to be one of the first in the world to own the Galaxy Fold.

Lee Kyungeun, Arirang news.

Source: Arirang News
Copyright Arirang News. All rights reserved, reprinted with permission by Dailymotion

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Samsung: Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol .
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Industry: Industry is the production of an economic good or service within an economy. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This occurred through many s
April: April is the fourth month of the year in the Julian and Gregorian calendars, and one of four months with a length of 30 days.
Galaxy: A galaxy is a massive, gravitationally bound system consisting of stars, stellar remnants, an interstellar medium of gas and dust, and dark matter, an important but poorly understood component. The word galaxy is derived from the Greek galaxias (), literally "milky", a reference to the Milky Way. Ex
Chemical: In chemistry, a chemical substance is a form of matter that has constant chemical composition and characteristic properties. It cannot be separated into components by physical separation methods, i.e. without breaking chemical bonds. It can be solid, liquid, gas, or plasma.
Sumitomo: Sumitomo Group is one of the largest Japanese keiretsu, founded by Masatomo Sumitomo.