Samsung gets 2.1 lakh pre-orders for latest foldable series within 48 hours of launch in India
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Consumer electronics maker Samsung on Saturday said it has received 2.1 lakh pre-orders for the latest seventh generation of its foldable smartphone series within 48 hours of its launch in India.Samsung's seventh generation of foldable smartphone series was launched in India on Jul 9, 2025.Samsung, which last week launched Galaxy Z Fold7 Galaxy Z Flip7 and Galaxy Z Flip7 FE smartphones, said this huge number of pre-orders signals "huge consumer demand and excitement for the brand's seventh generation of foldable".It is "nearly equalling the pre-orders received for the Galaxy S25 series earlier this year", Samsung Electronics said in a statement.Samsung had received a record 4.3 lakh pre-orders for its smartphone Galaxy S25, in a nearly three-week period after the launch.For the first 48 hours, the number of pre-orders for S25 and Fold7/Flip7 is almost identical.The company priced these Made-in-India foldable smartphones between Rs 89,000 and Rs 2.11 lakh.Galaxy Z Fold7 starting from Rs 1.75 lakh and going up to Rs 2.11 lakh. Galaxy Z Flip7 is priced between Rs 1.10 lakh and Rs 1.22 lakh.Galaxy Z Flip7 FE price starts from Rs 89,000 and Rs 95,999.Samsung Southwest Asia President and CEO JB Park said: "The record pre-orders for our Made-in-India foldable smartphones reinforce our belief that young Indian consumers are quick to adopt the latest technology".Galaxy Z Fold7 delivers Samsung's most advanced smartphone experience yet - powerful, immersive, intelligent, and portable all-in-one, while Galaxy Z Flip7 adapts, anticipates and empowers users, unlocking a smarter, more intuitive way to engage with the world."The success of the new devices is a stepping stone for our larger goal - the mainstreaming of foldable smartphones in India," he said.In the Indian market, Samsung competes with the US-based phone maker Apple in the super premium category, priced over USD 1,000.According to IDC, the Indian smartphone market is led by Vivo, which had 19.7 per cent market share in Q1 2025. Samsung was number two with 16.4 per cent shipments.
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'It is a deal that will bring huge benefits to both of our countries, boosting wages, raising living standards and putting more money in the pockets of working people. It is good for jobs, it is good for business, cutting tariffs and making trade cheaper, quicker and easier,' Starmer added. STORY CONTINUES BELOW THIS AD But how will the trade deal will give Indian exports an edge over countries like Bangladesh, Vietnam and China? Let's take a closer look: What do we know? Bilateral trade between the two countries was at $55 billion in 2023/24. However, India comprises under 2 per cent of the UK's imports. The FTA aims to double bilateral trade to around $120 billion by 2030. Talks on a separate Bilateral Investment Treaty (BIT) remain ongoing. Indian negotiators managed to eliminate tariffs on 99 per cent of Indian exports to the UK. The deal will boost labour-intensive sectors such as textiles, leather, apparel and footwear, toys, marine products, gems and jewellery. 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AFP India could also increase its share of UK's $30 billion pharma imports. India's share in 2024 stood at just $1 billion India could also gain when it comes to generic medicine, ECG and X-ray machines. India exported chemicals worth $570 million to the UK in 2024. The Centre is hoping to increase this by 30 to 40 per cent after more than 1,200 chemicals will receive duty-free access. The gems and jewellery sector, where valued at $940 million, could also benefit. Much of India's overall gains could come from China. China After the British tariffs are done away with, India could become more competitive in exports in which China is currently dominant valued at $1 billion. This includes categories such as machine parts, coffee, silver jewellery and footwear. China in 2024 sent machine parts valued at $248.5 million to the UK. India, meanwhile, sent machine parts worth $215.3 million. India exported coffee worth $12 million to the UK in 2024, while China sent coffee worth $11.1 million. STORY CONTINUES BELOW THIS AD India exported coffee worth $12 million to the UK in 2024, while China sent coffee worth $11.1 million. India could also massively benefit when it come to silver jewellery and footwear. India's exports to the UK in these categories comprise just a third of China's. India cut also cut China's lead in the UK when it comes to processed food and baked items. Indonesia India could also cut into Indonesia's exports in the UK. This could potentially impact around 10 per cent of its exports. It could occur in sports footwear and toys such as tricycles, scooters, and pedal cars. Thailand and Vietnam The deal could impact around 3.8 per cent of Thailand's exports – goods worth around $200 million. India could gain ground on Thailand when it comes to processed food preparations and baked items. Vietnam could see its imports impacted to the tune of $346.6 million. Pakistan and Bangladesh Pakistan and Bangladesh could also take a hit. 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First Post
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'From one chaiwala to another': Who is Akhil Patel, the Indian-origin man who served masala tea to Modi in London?
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Business Standard
22 minutes ago
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