Samsung is set to discontinue sales of its Galaxy Z TriFold smartphone in South Korea on March 17, just three months after its launch, according to a report by South Korean newspaper Dong-A Ilbo.
The decision to halt sales of the $2,899 foldable device is attributed to rising component costs, which have made continued production unprofitable. Industry sources cited by Dong-A Ilbo indicated that the increased costs for components such as DRAM and NAND flash left minimal profit margins for the device.
In the United States, the Galaxy Z TriFold, which launched in January, will remain available until existing inventory is depleted. Samsung has not publicly confirmed the report regarding the cessation of sales. Engadget has contacted Samsung for comment.
The Galaxy Z TriFold was sold in limited quantities through Samsung’s website, with each restock reportedly selling out within minutes. Approximately 3,000 units were sold across the initial two allotments. The phone briefly traded for nearly three times its retail price on the secondary market in South Korea, according to the Dong-A Ilbo report.
Industry sources suggest that the TriFold served as a technology showcase rather than a product intended for significant revenue generation. Despite its limited sales, the device garnered significant attention for its innovative design and capabilities.
