Samsung Lu Taiwen: sales of Galaxy S Series and Galaxy Z Series are expected to achieve double-digit growth in 2023

CTOnews.com, February 4 (Xinhua)-- after the recent Galaxy Unpacked launch, TM Roh, head of Samsung's mobile division, said in an interview that although the global mobile phone market is not depressed, he is still optimistic that the Galaxy S23 series will be a success.

Image source: Samsung Electronics in an interview with foreign media The Investor, Lu Taiwen estimated that the total sales of Samsung Galaxy S series and Galaxy Z collapsible series models in 2023, compared with last year will have a double-digit growth. "despite the adverse economic situation, our high-end strategy will help us lead the market," he said.

CTOnews.com learned that Lu Taiwen is also confident about the upcoming Galaxy Z Fold 5 and Galaxy Z Flip 5, saying that global shipments of both the S-Series and Z-Series will increase significantly this year.

2022 was the worst year for smartphone shipments, according to market research firm IDC. Samsung shipped 260.9 million phones, below expectations of 2.721 billion. However, due to smaller global shipments of small OEM vendors, the market share increased from 20% to 21.6%.