Galaxy Folds sell out in China in matter of minutes

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Galaxy Folds sell out in China in matter of minutes

The first batch of Samsung Electronics’ Galaxy Fold sold out on online stores shortly after its launch in China on Friday, according to industry officials.

The Korean tech giant released the Galaxy Fold in online and offline stores in China at 10 a.m. for $2,293, making it the 24th country where the company has rolled out the foldable device.

Jingdong.com, one of China’s major e-commerce sites, said the Galaxy Fold sold out in just two seconds, and Samsung said on its Chinese blog that the smartphone stock was depleted just five minutes after its launch.

The size of the first batch of the smartphones was around 20,000, with the phones only available in 4G, according to industry officials.

The Galaxy Fold will be competing with Huawei’s Mate X, which will go on sale next Friday with a price tag of $2,400.

Yonhap

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