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Samsung announced on Tuesday that the number of Galaxy Z Fold and Galaxy Z Flip smartphones sold for commercial use has doubled year on year.
According to internal data, the number of foldable smartphones that the tech giant has contracted with enterprise customers increased by 105 percent from January to October 2022, compared to the same period in 2021.
“Ships of foldable smartphones are expected to reach 16 million units worldwide – up 73 percent year-on-year – the form factor is quickly becoming mainstream,” the company said in a statement.
In 2023, shipments are expected to reach 26 million units.
“Samsung Galaxy foldable smartphones were created to open up opportunities for new ways to work and explore creativity,” said KC Choi, Executive Vice President and Head of Global Mobile B2B Team, MX Business, Samsung Electronics.
“This rapid growth in investment demonstrates our organization’s customers’ need for meaningful innovations to enhance workforce productivity,” added Choi.
Samsung’s fourth-generation foldable smartphone, the Galaxy Z Fold4, is a multitasking powerhouse ideal for business use. Unlike standard smartphone screens, it has a huge and wide screen that is pocket friendly and makes it easy to complete tasks.
Galaxy Z Fold4’s large screen provides a more expansive workspace, ideal for desktop PC functionality. The PC-like taskbar is an ideal tool for managing multiple projects and application pairs, allowing users to manage, start, and switch between applications without pausing their work.
Companies are turning to technology as they adopt policies that allow employees to work remotely to increase productivity. The financial services sector, where 74 percent of a sample of financial advisors say staying connected via mobile apps is important or critical, has been particularly drawn to foldable devices.
“According to a recent survey, Bloomberg Professional is the financial services app most used by investment professionals, such as traders, analysts, and portfolio managers,” the company said.
The tech giant’s foldable phone allows users to “easily switch from the cover screen, ideal for quick Bloomberg instant messaging (IB), to the big screen” helping to easily read news stories, monitor real-time market data, browse portfolios or perform graphic analysis. graphic “
DocuSign offers the world’s leading e-signature solution and is “used by 24 of the top 25 Financial 500 companies, and is also optimized for Android 12L”.
It allows users to easily drag and drop email attachments into “multi-view mode directly into DocuSign eSignature, and quickly close deals on the go with Samsung’s S Pen and signature Flex Mode,” the company said.
The tech giant has also worked with IBM (International Business Machines Corporation), in order to overcome the difficulties financial professionals may encounter when assisting clients while working from any location.
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