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Samsung's Galaxy Fold smartphone will go on sale from Sept. 6

Key Points
  • Samsung Electronics said on Thursday its foldable smartphones will be available in South Korea on Sept. 6 in two colors: Cosmos Black and Space Silver.
  • The Galaxy Fold will also be available in other countries including the United States, the United Kingdom, France, Germany and Singapore.
  • Galaxy Fold can be used both as a traditional smartphone or as a tablet, with a special foldable display screen.
Samsung's Galaxy Fold exhibited during the Mobile World Congress in Barcelona.
Joan Cros | NurPhoto | Getty Images

Samsung Electronics said Thursday its foldable smartphones will be available in South Korea on Sept. 6 in two colors, Cosmos Black and Space Silver.

After its South Korea launch, the Galaxy Fold will also be available in Singapore, France, Germany and the United Kingdom starting Sept. 18. Samsung has not yet revealed a launch date for the United States but the company's U.S. website directs users to join a wait list.

The world's largest smartphone maker said the Galaxy Fold that's available in Singapore will support LTE, a fourth-generation of mobile networks. It will cost around 3,088 Singapore dollars (about $2,232), the tech firm said.

In Europe, the Galaxy Fold will cost around 2,000 euros (about $2,204) for the non-5G model and 2,100 euros for the 5G-ready devices that will be available in Germany.

While the 5G-ready version will also be available in the U.K., Samsung did not disclose the Galaxy Fold's pricing there.

Galaxy Fold can be used both as a traditional smartphone and as a tablet, with a special foldable display screen. But, it carries a steep price tag of around $2,000.

The South Korean electronics giant was initially set to release the Galaxy Fold smartphone in late April. But reviewers encountered issues with early testing units, and Samsung delayed the launch to fix the glitches and canceled all pre-orders for the device.

In July, Samsung said it had rectified the issues and would launch the smartphone this month.

Global smartphone growth still low

Globally, the smartphone industry is still struggling for growth as many users are holding on to their devices longer. However, there are some bright spots in places such as India and Southeast Asia.

Numbers from International Data Corporation showed worldwide smartphone shipments fell 2.3% on-year for the three months to June. Figures released by research firm Canalys also pointed to a similar downward trend.

For its part, Samsung maintained pole position in the market ahead of China's Huawei and iPhone maker Apple.

In fact, some analysts previously said the Galaxy Fold could be a "game-changer" in the way people use their smartphones in the next decade, but its steep price would likely deter widespread adoption. That said, a report this week said Samsung is working on a cheaper foldable alternative to the Galaxy Fold.

More broadly, however, the tech company's main profit-making business that supplies memory components used in mobile handsets and enterprise servers has struggled due to low prices and a weakness in demand.

WATCH: Inside Samsung's global headquarters in South Korea

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We went inside Samsung's global headquarters in South Korea