The outlook came after Samsung Electronics President Koh Dong-jin, who heads the mobile business, said last week that the company will release a foldable smartphone within the first half of 2019.

Koh said the shipment volume of the foldable smartphone will be at least 1 million.

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Industry watchers said Samsung is expected to showcase the upcoming foldable smartphone in the Mobile World Congress in February, ahead of the official launch in the following month.

The much-awaited foldable smartphone, however, is not expected to support the 5G network.

While the price of the foldable smartphone has not been decided, industry watchers said it may cost around 2 million won ($1,770). The steep price is expected to limit sales.

Samsung said the upcoming foldable smartphone will fold inward and will sport a 7.4-inch screen when unfolded and have a 4.6-inch display like a regular smartphone when folded.

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