Samsung Electronics unveiled the latest iterations of its foldable smartphones on Wednesday, as it aims to solidify its lead in the niche category that is expected to grow in the coming years.
The world's biggest mobile phone maker introduced the Galaxy Z Fold 4 and Flip 4 at its Unpacked event. The company is positioning the new devices to overtake its Galaxy Note in terms of sales and popularity.
Samsung's second Unpacked event of the year is also the first without any speculation on the Note, which was discontinued after Samsung announced a “brand new chapter” for its Galaxy devices earlier this year.
The Note's legacy, however, was kept alive when Samsung integrated its signature accessory, the S Pen stylus, in the high-end Galaxy S22 that was launched earlier this year.
“The next foldable devices offer unparalleled mobile experiences that meet the needs of our most dynamic users," T M Roh, president and head of Samsung's mobile business, said in a statement.
"Excitement for foldables continues to grow. We’ve successfully transformed this category from a radical project to a mainstream device line-up."
The division expects to post "solid profitability, with foldable products becoming mainstream as the company targets foldable sales to surpass that of the Galaxy Note series”, Seoul-based Samsung said in its second-quarter earnings report last month.
Samsung was not the first to release a smartphone with a foldable display — China's Royole unveiled the FlexPai during a low-key launch in 2018.
However, the South Korean company was the first to push out the device into the mainstream consumer market with the release of the Galaxy Fold in 2019.
The move enabled Samsung to beat China's Huawei Technologies to the draw, as the latter had to postpone the launch of its own foldable Mate X in the same year to conduct further testing after early testers raised concerns about the Galaxy Fold.
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However, foldable smartphones still have a long way to go.
Shipments of the devices — which include both fold and flip phones — stood at 7.1 million in 2021, almost quadruple the 1.9 million units shipped in 2020, according to the International Data Corporation (IDC).
Still, it was only enough for a 0.5 per cent market share in the overall industry. Traditional smartphones accounted for 99.5 per cent of the total with more than 1.34 billion shipments last year, the research company said.
Even with a projected 70 per cent compound annual growth rate through to 2025, foldables would still only eke out less than a 2 per cent market share by then out of 27.6 million shipments, IDC said.
Samsung is dominating the category. The global foldable smartphone market grew by more than 111 per cent annually to 1.5 million units in the first quarter of 2022.
The Korean company extended its market share to 65 per cent, from 51 per cent a year ago, widening the gap between it and second-placed Huawei, according to Counterpoint Research.
There are a number of other folding devices in the market, most notably Huawei's Mate X series and Motorola's Razr. Oppo, Xiaomi and Huawei's former unit Honor also have their own versions.
Orders for the devices have opened. Samsung also said that customers in South Korea who order will receive a non-fungible token (NFT), the full benefits of which will be announced at a later date.
This marks the first time a Samsung device is being associated with an NFT. It is unclear if this pre-order bonus will be extended outside South Korea.
Samsung Galaxy Fold 4
The fourth iteration of Samsung's flagship foldable device retains its 7.6-inch (19.3-centimetre) main inner display but a design revamp has made it wider. Its cover display remains at 6.2 inches (15.74cm).
The company said there are across-the-board improvements in processing (14 per cent faster), graphics (59 per cent) and neural units (68 per cent).
In perhaps the most significant upgrade to its camera. The Fold 4 now has a 50-megapixel main sensor, compared with the previous models, which had 12MP. Samsung also promises better performance in night and low-light conditions.
The Fold 4 starts at Dh6,849, and will come with storage sizes of 256 gigabytes, 512GB and one terabyte — the last of which is offered exclusively on Samsung's website.
Samsung Galaxy Flip 4
Samsung's third Flip — the company skipped a 'Flip 2' last year to align the Galaxy Z series' naming conventions — also broadly retains its aesthetics, with a 6.7-inch (17cm) inside display and a 1.9-inch (4.8cm) outer screen.
Processing (8 per cent faster), graphics (58 per cent) and neural (62 per cent) performance also receive upgrades.
The Flip 4 starts at Dh3,849, and will come in three storage sizes — 128GB, 256GB and 512GB. Samsung famously slashed the price of the Flip 3 last year by about half, compared with the original Flip, as it aimed to entice more users.
It will be interesting to see if the new Flip can continue with its momentum: the device accounted for 51 per cent of foldable sales in the first quarter of 2022, the third straight quarter it has led the market, according to industry tracker Digital Supply Chain.
The Fold was second, also for the third consecutive quarter.
Both Fold 4 and Flip 4 come with all-day battery life and fast-charging capabilities.
Galaxy Watch 5
Samsung also unveiled two new digital timepieces, the Galaxy Watch 5 and Watch 5 Pro, as it aims to take on Apple in the smartwatch category.
The Android Wear OS-powered devices now feature faster charging and improved health sensors, with 16GB of internal storage. The Watch 5 sports an aluminium case while the higher-end Pro has a titanium case.
Global shipments of smartwatches rose 13 per cent to about 33.7 million units in the first quarter of 2022, according to Counterpoint.
Apple continued to dominate the market, with a 36 per cent share, while Samsung strengthened its hold on the second spot with about 10 per cent.
Galaxy Buds 2
The Galaxy Buds 2 constitute Samsung's attempt to take on Apple's AirPods and the rest of the vast true wireless stereo (TWS) headset market.
The audio device offers up to 29 hours of battery life and has improved sound quality and active noise cancellation.
Global sales of TWS devices — or hearables — grew by about a quarter to about 300 million units in 2021, with Apple's AirPods having a leading 26 per cent share of the market, according to Counterpoint.
Samsung was third with 7 per cent, behind Xiaomi with 9 per cent.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Teams
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
How to help
Donate towards food and a flight by transferring money to this registered charity's account.
Account name: Dar Al Ber Society
Account Number: 11 530 734
IBAN: AE 9805 000 000 000 11 530 734
Bank Name: Abu Dhabi Islamic Bank
To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
EMILY%20IN%20PARIS%3A%20SEASON%203
%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Smart words at Make Smart Cool
Make Smart Cool is not your usual festival. Dubbed “edutainment” by organisers Najahi Events, Make Smart Cool aims to inspire its youthful target audience through a mix of interactive presentation by social media influencers and a concert finale featuring Example with DJ Wire. Here are some of the speakers sharing their inspiration and experiences on the night.
Prince Ea
With his social media videos accumulating more half a billion views, the American motivational speaker is hot on the college circuit in the US, with talks that focus on the many ways to generate passion and motivation when it comes to learning.
Khalid Al Ameri
The Emirati columnist and presenter is much loved by local youth, with writings and presentations about education, entrepreneurship and family balance. His lectures on career and personal development are sought after by the education and business sector.
Ben Ouattara
Born to an Ivorian father and German mother, the Dubai-based fitness instructor and motivational speaker is all about conquering fears and insecurities. His talk focuses on the need to gain emotional and physical fitness when facing life’s challenges. As well managing his film production company, Ouattara is one of the official ambassadors of Dubai Expo2020.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.
The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.
All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.
No person who has received refuge in Poland will be sent back to a country torn by war.
Gertrude Bell's life in focus
A feature film
At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.
A documentary
A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.
Books, letters and archives
Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
UAE gold medallists:
Omar Al Suweidi (46kg), Khaled Al Shehhi (50kg), Khalifa Humaid Al Kaabi (60kg), Omar Al Fadhli (62kg), Mohammed Ali Al Suweidi (66kg), Omar Ahmed Al Hosani (73), all in the U18’s, and Khalid Eskandar Al Blooshi (56kg) in the U21s.
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Killing of Qassem Suleimani
Global state-owned investor ranking by size
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
Hamilton’s 2017
Australia - 2nd; China - 1st; Bahrain - 2nd; Russia - 4th; Spain - 1st; Monaco - 7th; Canada - 1st; Azerbaijan - 5th; Austria - 4th; Britain - 1st; Hungary - 4th; Belgium - 1st; Italy - 1st; Singapore - 1st; Malaysia - 2nd; Japan - 1st; United States - 1st; Mexico - 9th
Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
Zayed Sustainability Prize
More from Rashmee Roshan Lall
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000