logo
Galaxy Z Fold 7 Breaks Record for Highest Number of Fold Preorders

Galaxy Z Fold 7 Breaks Record for Highest Number of Fold Preorders

CNET2 days ago
Samsung's latest foldables are already making quite a statement, beyond their bold new designs -- or maybe because of them.
The phone-maker said in a newsroom post Thursday that the Galaxy Z Fold 7, which is its thinnest foldable yet, racked up more preorders "than any previous Z Fold device in US history." It added that both the Z Fold 7 and the Z Flip 7 saw a more than 25% hike in total preorders compared with last year's handsets.
Carriers also saw an uptick in sales. Samsung says there was a nearly 60% jump in preorders for both phones cumulatively, compared with last year. In a statement, it added, "In-store shoppers are taking advantage of getting their hands on the devices, with thin, light and compact designs, as well as camera improvements being among the top interest drivers."
Watch this: Galaxy Z Fold 7 Review: Samsung Finally Nailed the Foldable
07:14
A CNET survey from June found that 30% of people list the camera as a top consideration when upgrading their phone. The Galaxy Z Fold 7 packs an impressive 200-megapixel main camera, which can serve up images on par with those from the top-of-the-line Galaxy S25 Ultra. It's a significant milestone for Samsung, but also for foldable and thin phones overall, since cameras tend to take a hit due to hardware limitations. But Samsung worked around that by developing smaller, more advanced components for both the Galaxy Z Fold 7 and its skinny predecessor, the Galaxy S25 Edge, which came out in May.
Not surprisingly, another top consideration when buying a new phone, according to CNET's survey, is price. The $2,000 sticker on the Z Fold 7, which is $100 higher than last year's model, is likely to be a deterrent for many shoppers -- though it clearly hasn't stopped the phone from breaking early sales records. The Z Flip 7 also comes at a rather hefty $1,100, though this year Samsung also introduced the slightly cheaper Z Fold 7 FE, which starts at $900.
It's not just preorders for the Z Fold 7 and Flip 7 that saw a spike. Even after general availability for the phones kicked off on July 25, Samsung says, "momentum for both devices remain strong, with orders continuing to outpace the previous generation by more than 25%." The Z Fold 7 is also outperforming sales of last year's model by around 50% since it hit store shelves, according to the company.
A fresh form factor brings fresh excitement
The sleeker build of both foldables, particularly the Z Fold 7, can help entice new buyers who are hesitant about switching to a new form factor. In another CNET survey from earlier this month, 15% of respondents who don't own a foldable say it's because they're too bulky.
The Z Fold 7 helps to remedy that with its slim profile, which measures 8.9mm thick when closed and 4.2mm when open. That, along with a wider 6.5-inch cover screen, makes it feel as close to a standard slate phone as possible and places it in the same camp as other thin foldables from Chinese companies like Honor, Oppo and Huawei.
"Foldables have reached an inflection point as they are becoming a mainstream choice for users," Drew Blackard, Samsung's senior vice president of mobile product management, said in a statement. "Now, on our seventh generation, we've addressed consumer feedback year after year and have arrived at the kind of experience you can't get on any other device. When people go hands-on with a Z series device, they're hooked -- and now it's all coming together with record-breaking numbers."
In an exclusive interview with CNET ahead of the launch of the new phones, Blackard expressed similar sentiments, noting that, "There's no longer that trade-off of, 'Well, do I want a traditional bar-type smartphone, or a foldable?'" He added, "You'll kind of get the best of both worlds."
Samsung added that although black is usually the top color choice for Z Fold users, blue shadow made up about half of Z Fold 7 preorders. (I tested the blue shadow version myself and found the color to be a good balance between eye-catchingly bold and practically subtle, thanks to its deeper hue.) The coral red version of the Z Flip 7 "has also beat expectations," Samsung said, making up 25% of preorders for that phone. "These trends are remaining steady through the first week of availability," the company added.
This all comes as Apple reportedly plans to launch its own foldable next year. The iPhone maker hasn't confirmed or shared any details, but that hasn't stopped the rumor mill from churning. A report from JPMorgan earlier this week notes that the first foldable iPhone is expected to launch in September 2026 and could cost $1,999. Apple is reportedly teaming up with Samsung Display to create a crease-free display.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Alabama farmer sees new interest within days of Trump's tomato tariff — and says former trade deal ‘never worked' for US
Alabama farmer sees new interest within days of Trump's tomato tariff — and says former trade deal ‘never worked' for US

Yahoo

time34 minutes ago

  • Yahoo

Alabama farmer sees new interest within days of Trump's tomato tariff — and says former trade deal ‘never worked' for US

With President Trump's latest tariff announcement, the price of tomatoes could soon be going up in the U.S. On July 14, the Trump Administration announced a 17% tariff on tomatoes imported from Mexico, ending a decades-long trade deal that kept the price of importing tomatoes down in the U.S. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it 'Mexico remains one of our greatest allies, but for far too long our farmers have been crushed by unfair trade practices that undercut pricing on produce like tomatoes,' said U.S. Secretary of Commerce Howard Lutnick in the press release. 'That ends today.' And while some Americans may not be in support of additional tariffs levied against America's international trade partners, several U.S. farmers stand in strong support of Trump's latest trade move. 'Been two days now and we've actually had a lot more calls' For decades, U.S. and Mexican tomato operations worked under a trade agreement that allowed for relatively easy importation of Mexican tomatoes into U.S. markets. The deal was meant to protect American tomato farmers, but many believe the old trade agreement didn't do enough. 'There's been loopholes that the Mexican tomato producers have taken advantage of and continue to price dump, or lower the prices below the cost of production here in the United States and in Alabama," Blake Thaxton, executive director of the Alabama Fruit and Vegetable Growers Association, told WVTM 13 News. Chad Smith of Smith Tomato Farms in St. Clair County, Alabama echoed Thaxton's concerns with the old trade deal with Mexico. 'If they send the tomatoes over and it's supposed to be a set price and they need to move tomatoes, well, they may just give a load of bell peppers for free for them to take the tomatoes. So, it's never really worked,' said Smith. American tomato farmers had long felt as if they were hard-pressed to compete with the imports from Mexico, but several of them now see better times ahead with Trump's latest tariff news. 'It's only been two days now and we've actually had a lot more calls from people who have an interest in doing business," said Smith. 'And the price hasn't even changed.' As for Thaxton, he believes the potential of a sustainable future for U.S. tomato farmers is important. 'Food security is national security, and we need to be able to produce our own food here in the United States,' said Thaxton. Read more: Nervous about the stock market in 2025? Find out how you can How the new tariff may affect your wallet While some American farmers are hopeful that the tomato tariff will impact their bottom line in a positive way, there's a concern that the changing policy will lead to higher prices at the grocery store. After all, the costs of producing tomatoes are higher in the U.S., thanks in part to American farms paying their workers up to 10 times more per hour than farm workers in Mexico. Thaxton believes the rising tomato costs won't be too dramatic, but other experts appear to be more concerned. In fact, some predict the new tomato tariff could push prices up by 10%. Since American farms face significantly higher production costs than Mexican growers — this includes wages, land, regulation, insurance, property taxes and equipment — these costs may be passed along to American consumers at the grocery store. At this moment, it's tough to predict the exact outcome that the tariff will have on the U.S. tomato market. While it looks like the tariff could help American farmers, it's unclear whether or not it will help American wallets. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Ethereum turns 10: From scrappy experiment to Wall Street's invisible backbone
Ethereum turns 10: From scrappy experiment to Wall Street's invisible backbone

CNBC

timean hour ago

  • CNBC

Ethereum turns 10: From scrappy experiment to Wall Street's invisible backbone

CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren't corporate titans or venture-backed founders — just idealists working long nights to push a radical idea into reality. From that sparse office, they launched "Frontier," Ethereum's first live network. It was bare-bones — no interface, no polish, nothing user-friendly. But it could mine, execute smart contracts, and let developers test decentralized applications. It was the spark that transformed Ethereum from an abstract concept into a living, breathing system. Bitcoin had captured headlines as "digital gold," but what they built was something else entirely: programmable money, a financial operating system where code could move funds, enforce contracts, and create businesses without banks or brokers. One year earlier and 520 miles away in Zurich, Paul Brody got a call from IBM security: A kid was wandering the lab unattended. "That's not a child," Brody told them. "That's Vitalik. He's a grown-up — he just looks really young." At the time, Buterin had just founded Ethereum. The blockchain was still in its alpha stage, an early build of what would become a $420 billion platform rewiring Wall Street and powering decentralized finance, NFTs, and tokenized markets across the globe. Brody, then leading a research team at IBM, remembers how quickly the idea clicked. "One of the guys on the research team came to me and said, 'I've met this really interesting guy. He's got a really cool like a version of bitcoin, but we're going to make it much faster and programmable,'" he said. "And when he said that to me, I thought, 'That's it. That is what I want. That is what we need.'" With Buterin's help, IBM built its first blockchain prototype on Ethereum's early code, unveiling it at CES in 2015 alongside Samsung. "That was how I ended up down this path," Brody said. "I was done with all other technology and basically made the switch to blockchain." Even now, as EY's global blockchain leader, Brody remembers feeling a pang of envy. "This is a kid, and it doesn't matter," he said. "I was jealous of Vitalik… to be able to do that." He added, "I don't think opportunities like that could have been surfaced when I was that age." Now, a decade later, that experiment has quietly rewired global markets. "It's very impressive, just how much the space has succeeded and grown into, beyond pretty much anyone's expectations," Buterin told CNBC in Cannes on the sidelines of the blockchain's flagship event in Europe. Buterin said the change over the past decade has been staggering. Ten years ago, he recalled, the crypto community was "just a very small space," with only a handful of people working on bitcoin and a few other projects. Since then, Ethereum has become "this big thing," Buterin said, with major corporations now launching assets on both its base layer and layer-two networks. Parts of national economies are beginning to run on Ethereum infrastructure, a far cry from its cypherpunk origins. But Buterin warned that mainstream adoption brings risks as well as benefits. One concern is that if too few issuers or intermediaries dominate, they could become "de facto controllers of the ecosystem." He described a scenario where Ethereum might appear open, but, in practice, all the keys are managed by centralized providers. "That's the thing that we don't want," he said. Two years earlier in Prague, CNBC met Buterin at Paralelní Polis, a sprawling industrial complex turned anarchist tech hub in the city's Holešovice district. The building's labyrinthine staircases and shadowed corridors felt like a physical map of the crypto world itself — part resistance movement, part experiment in reimagining power. It was a place built on Václav Benda's concept of a "parallel society," where decentralized technologies offered refuge from state surveillance and control. It's the kind of place where Buterin, a self-described nomad, found himself at home among cypherpunks and cryptographic idealists. At the time, Buterin described crypto's greatest utility not in speculative trading, but in helping people survive broken financial systems in emerging markets. "The stuff that we often find a bit basic and boring is exactly the stuff that brings lots of value," he told CNBC at the time. "Just being able to plug into the international economy — these are things that they don't have, and these are things that provide huge value for people there." Even in Prague, where coders worked to make payments fast and censorship-resistant, the technology felt like a resistance movement — privacy-preserving, anti-authoritarian, a lifeline in countries where banking collapses were common and money couldn't be trusted. This year, Buterin keynoted Ethereum's flagship conference at the Palais des Festivals — the same red carpet venue that hosts movie stars each spring. It was a fitting symbol of Ethereum's journey: from underground hacker dens to a network that governments, banks, and brokerages are now racing to build upon. Brody, who currently leads blockchain strategy at EY, says what matters most is how deeply Ethereum is integrating into traditional finance. "The global financial system is really nicely described as a whole network of pipes," he said. "What's happening now is that Ethereum is getting plumbed into this infrastructure," Brody continued, noting that until recently, crypto operated on entirely separate rails from traditional finance. Now, he said, Ethereum is being wired directly into core transaction systems, setting the stage for massive financial flows — from investors to everyday savers — to migrate away from older mechanisms toward Ethereum-based platforms that can move money faster, at lower cost, and with more advanced functionality than legacy systems allow. Stablecoins — digital dollars that live on Ethereum — power trillions in payments, tokenized assets and funds are moving on-chain, and Robinhood recently rolled out tokenized U.S. equities via Arbitrum, an Ethereum-based layer two. Circle's USDC — the second-largest stablecoin — still settles around 65% of its volume on Ethereum's rails. According to CoinGecko's latest "State of Stablecoins" report, Ethereum accounts for nearly 50% of all stablecoin activity. Between Circle's IPO and the stablecoin-focused GENIUS Act, now signed into law by President Donald Trump, regulators have new reason to engage with, rather than fight, this transformation. Data from Deutsche Bank shows stablecoin transactions hit $28 trillion last year — more than Mastercard and Visa combined. The bank itself has announced plans to build a tokenization platform on zkSync, a fast, cost-efficient Ethereum layer two designed to help asset managers issue and manage tokenized funds, stablecoins, and other real-world assets while meeting regulatory and data protection requirements. Digital asset exchanges like Coinbase and Kraken are racing to capture this crossover between traditional securities and crypto. As part of its quarterly earnings release, Coinbase said this week it's launching tokenized stocks and prediction markets for U.S. users in the coming months, a move that would diversify its revenue stream and bring it into more direct competition with brokerages like Robinhood and eToro. Kraken announced plans to offer 24/7 trading of U.S. stock tokens in select overseas markets. BlackRock's tokenized money market fund, BUIDL, launched on Ethereum last year, offering qualified investors on-chain access to yield with real-time redemptions settled in USDC. Even as newer blockchains tout faster speeds and lower fees, Ethereum has proven its staying power as the trusted network for global finance. Buterin told CNBC in Cannes that there's a misconception about what institutions actually want. "A lot of institutions basically tell us to our faces that they value Ethereum because it's stable and dependable, because it doesn't go down," he said. He added that firms frequently ask about privacy and other long-term features — the kinds of concerns that institutions, he said, "really value." Different institutions are choosing different layer twos for different needs — Robinhood uses Arbitrum, Deutsche Bank zkSync, Coinbase and Kraken Optimism — but they all ultimately settle on Ethereum's base layer. "The value proposition of Ethereum is its global reach, its huge capital flows, its incredible programmability," Brody said. He added that the fact it isn't the fastest blockchain or the one with the quickest settlement times "is secondary to the fact that it's overall the most widely adopted and flexible system." Brody also believes history points toward consolidation. He said that in most technology standards wars, one platform ultimately dominates. In his view, Ethereum is likely to become that dominant programmability layer, while Bitcoin plays a complementary role as a risk-off, scarcity-driven asset. Engineers, he said, "love to work on a standard… to scale on a standard," and Ethereum has become precisely that. Tomasz Stańczak, the newly appointed co-executive director of the Ethereum Foundation, sees the same pattern from inside the ecosystem. "Institutions chose Ethereum over and over again for its values," Stańczak said. "Ten years without stopping for a moment. Ten years of upgrades with a huge dedication to security and censorship resistance." When institutions send an order to the market, they want to be sure that it's treated fairly, that nobody has preference, and that the transaction is executed at the time when it's delivered. "That's what Ethereum guarantees," added Stańczak. Those assurances have become more valuable as traditional finance moves on-chain. Ethereum's path hasn't been smooth. The network has weathered spectacular booms and busts, rivals promising faster speeds, and criticism that it's too slow or expensive for mass adoption. Yet it has outlasted nearly all early competitors. In 2022, Ethereum replaced its old transaction validation method, proof-of-work — where armies of computers competed to solve puzzles — with proof-of-stake, where users lock up their ether as collateral to help secure the network. The shift cut Ethereum's energy use by more than 99% and set the stage for upgrades aimed at making apps faster and cheaper to run on its base layer. The next decade will test whether Ethereum can scale without compromise. Buterin said the first priority is getting Ethereum to "the finish line" in terms of its technical goals. That means improving scalability and speed without sacrificing its core principles of decentralization and security — and ideally making those properties even stronger. Zero-knowledge proofs, for example, could dramatically increase transaction capacity while making it possible to verify that the chain is following the rules of the protocol on something as small as a smartwatch. There are also algorithmic changes the team already knows are needed to protect Ethereum against large-scale computing attacks. Implementing those, Buterin said, is part of the path to making Ethereum "a really valuable part of global infrastructure that helps make the internet and the economy a more free and open place." Buterin believes the real change won't come with fireworks. He said it may already be unfolding years before most people recognize it. "This type of disruption doesn't feel like overturning the existing system," he said. "It feels like building a new thing that just keeps growing and growing until eventually more and more people realize you don't even have to look at the old thing if you didn't want to." Brody can already see hints of that future. Wire transfers are moving on-chain, assets like stocks and real estate are being tokenized, and eventually, he said, businesses will run entire contracts — the money, the products, the terms and conditions — automatically on a single, shared infrastructure. That shift, Brody added, won't simply copy old financial systems onto new technology. "One of the lessons from technology adoption is that it's not that we replace like for like," he said. "When new things come along, we tend to build on a new technology infrastructure. My key hypothesis is that as we build new financial products, it will be attractive to build them on blockchain rails — and we'll try to do things on blockchain rails that we can't do today." If Brody and Buterin are right, the real disruption won't make headlines. It'll simply become the way money moves, unseen and unstoppable.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store