- More than twice as many Galaxy foldable smartphones were shipped to businesses as a result of increased interest from the financial services sector.
The number of Galaxy Z Fold and Galaxy Z Flip smartphones sold for business use has more than doubled year over year, according to a recent announcement from Samsung Electronics Co. Ltd. Comparing January to October 2022 to the same period in 2021, Samsung contracted to ship 105% more foldable smartphones to enterprise customers.
With foldable smartphone shipments set to exceed 16 million devices worldwide – a 73% increase year on year – the form factor is quickly becoming popular, with shipments predicted to reach 26 million units by 2023. The ease of multitasking on a huge screen, as well as advanced app optimization for foldable devices, are boosting enterprise adoption.
Benefits of Foldables for Enterprise Users
As companies adopt work-from-anywhere policies, they are looking to technology for new ways to boost productivity. Foldables have piqued the interest of the financial services industry, as 74% of a sample group of financial advisers think keeping connected via mobile apps is crucial or critical.
“Samsung Galaxy foldable smartphones were created to open up opportunities for new ways to work and explore creativity,” said KC Choi, EVP and Head of Global Mobile B2B Team, MX Business at Samsung Electronics. “This rapid growth in investment demonstrates our enterprise customers’ need for meaningful innovations to enhance workforce productivity.”
Samsung’s fourth-generation foldable smartphone, the Galaxy Z Fold4, is a multitasking powerhouse suitable for commercial use. Despite its small size, it has a wide, broad screen that makes it simpler to get things done than typical smartphone screens.
The Galaxy Z Fold4’s big screen provides a wider working space, making it ideal for taking use of desktop computer features. The PC-like Taskbar allows users to manage, start, and switch between apps without interrupting work.
The large screen space is also ideal for working with many windows. The Galaxy Z Fold4 can run three apps at the same time, including two of the same app for side-by-side comparisons.
The Galaxy Z Fold4 also adapts to workflow requirements. Flex Mode now supports specialised e-signature or note-taking features for partner apps using S Pen, in addition to providing a hands-free experience for major video conferencing tools.
Powerful Partnerships That Enhance the Experience of Foldable Devices
These experiences have proven to be popular in a variety of business and industry sectors. Competition is severe in the present market, particularly in the financial services sector. Professionals want the greatest tools to ensure consistency and routine, even while working remotely.
Their devices must enable complex tasks such as alerts, research, charts, and portfolios, as well as provide them with the power and productivity advantage they require to remain competitive. Working with industry-leading partners, Samsung has expanded the usability of the Galaxy Z Fold4 in new directions, resulting in more adoption of foldables for enterprise usage.
The Bloomberg Professional app is the financial services app that investment professionals like traders, analysts, and portfolio managers use the most, according to a recent survey. It makes use of the distinctive form factor of the Galaxy Z Fold to give financial professionals mobile access to Bloomberg’s market data, analytics, news, and communications in a more natural and engaging way while maintaining the familiar user interface and functionality. The Bloomberg Professional app’s flexible layout for the Samsung Galaxy Z Fold4 enables simple multitasking and continuity while on the go.
The huge screen makes it simpler to read news articles, watch real-time market data, explore portfolios, and do chart analysis. Users can easily move from the cover screen, which is ideal for brief Instant Bloomberg (IB) conversations. This enables financial professionals to perform routine tasks on their foldable devices in an enhanced way.
DocuSign, the #1 e-signature provider in the world, which is utilised by 24 of the top 25 Fortune 500 financial institutions, has also been updated for Android 12L. The Galaxy Z Fold4 makes contract signing on huge displays less of a problem. Users can now swiftly sign contracts on the fly using the Samsung S Pen and the unique Flex Mode signature by dragging and dropping email attachments in multi-view mode right into DocuSign eSignature.
DocuSign also built a PC-Like experience utilising Samsung DeX mode for finance professionals who are constantly in and out of the office. Simply connect the device to a monitor, and professionals can enjoy the same grade experience regardless of screen size or orientation, thanks to DocuSign’s high-resolution support and adaptable design approach.
Samsung also worked with IBM to solve issues that financial professionals may have when assisting clients while working from anywhere. IBM iX, IBM Consulting’s experience design partner, collaborated with a prominent financial institution to create the mobile experience, which allows wealth advisers to swiftly access and manage market and portfolio information.
Users can interact with data, drag and drop files between apps, translate handwriting to text, and even record digital signatures in a full desktop-like environment on their foldable device thanks to the integration of Samsung DeX and S Pen. Samsung’s openness philosophy also allowed for the inclusion of popular applications like video conferencing, client contacts, email, and scheduling within a multi-app interface.
Samsung is dedicated to collaborating with industry-leading partners to build new mobile experiences, and will collaborate even more closely in the coming months to capitalise on game-changing technologies such as foldable smartphones.