Samsung’s New Galaxy Z Fold 7 Sales Surpass Prior Model by 50%

Samsung Electronics Co. on Thursday said that US sales of its latest, high-end foldable phone are outpacing the prior model by 50%, a sign that the category is establishing at least some momentum with consumers.

The company revealed that the $2,000 Galaxy Z Fold 7 received the most preorders ever for its book-style foldable. Its Z Flip 7, which opens up like a flip phone, is also outperforming its predecessor so far, with total pre-orders for both new devices combined increasing by more than 25%. Carrier partners saw a 60% jump in Samsung foldable preorders, it added.