Samsung is optimistic about a 10% increase in sales from their latest foldable phones, even with competition from Motorola's new Razr %0 Ultra and strikes affecting their AI chip production. The company is banking on new AI capabilities to drive sales and retain market share. Retailers are focusing on the premium smartphone segment to compensate for lost 3G replacement business.
Samsung's Mobile Division President TM Roh expects a sales boost for the new Galaxy Fold and Flip 6 models due to user-friendly features, improved cameras, battery life, chipset, and AI integration. Despite a recent decline in smartphone sales, IDC predicts growth in the foldable phone market, with Samsung aiming to regain its leading position. The strikes at Samsung's AI memory chip plant could impact smartphone production, as the company's largest union calls for better pay.
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.