Do Consumers Really Need Foldable Phones? Samsung and Microsoft Hope So
First it was Samsung (OTC: SSNLF) failed effort in April and retry in early September. Then Microsoft (NASDAQ: MSFT) announced one a few weeks later.
Foldable smartphones seem to be all the rage these days as the industry looks for the next driver of growth. But do consumers really need or want these foldable phones? The tech companies producing them certainly hope so.
With the smartphone market saturated and 5G not fully up to speed yet, there's been little reason for consumers to upgrade their phones. But now Samsung, Microsoft, Huawei, and other smartphone makers are hoping to juice sales by developing foldable phones. These devices meld a smartphone and tablet into one device, giving users access to a big screen that can be folded for easy portability.
Source Fool.com
