samsung thinks it can sell 56 million foldable phones next year

Korean publication ET News is reporting that Samsung is looking to aggressively expand production of foldable phones for next year. The company is reportedly targeting a 10-fold increase, but analysts question whether there’s enough market for all of them.

Based on the numbers reported, Samsung has sold 500,000 Galaxy Folds. Next year, it plans to produce 5-6 million units. Samsung Display is looking into ways to boost production.

Currently, Samsung is selling the Folds in batches of 10,000. To reach those new production targets, Samsung will need to invest in its Vietnam-based…