However, Koh added that there are still a number of hurdles to overcome and the release would be pushed back if they're not resolved.
He said to reports, "As the head of the business, we can say our goal is next year". Koh didn't reveal any further details about the bendable phone as of now. We even said one time that foldable smartphones are set to launch in the 3rd quarter.
Samsung has been working on a foldable phone / tablet, code-named "Project Valley", for at least four years. Also, it is here that the Note 8 begs to differ from nearly every other smartphone available in the market, including even the iPhone X. Its plans to expand the emerging market for connected cars. However, at the moment there is no information provided whether the voice-controlled speaker would use the company's voice assistant, Bixby. It's the new flagship iPhone that will be released in November, weeks after the iPhone 8 and iPhone 8 Plus go on sale on September 23rd.
The South Korean giant has already launched the device in developed markets that has a two-camera setup at the rear.
Its reputation tarnished, the world's biggest smartphone maker by market share nevertheless chose to retain the Note brand after a survey showed 85% of 5,000 Galaxy Note users expressed brand loyalty, Koh said.
The new iPhone 8 and 8 Plus were also announced by Apple boss Tim Cook, who called the phones a "huge step forward" for the device. The device, coming a decade after the original model, is Apple's first major redesign since 2014 and represents a significant upgrade to the iPhone 7 line.
Samsung has been toying with the idea of a bendable smartphone since 2013. The disgraced Note 7 phone was recalled twice and discontinued after it spontaneously overheated or caught fire. Samsung received more than a half million pre-orders - 650,000 units - for the Note 8 in South Korea before its launch, Koh said. The Galaxy Note 8 got 395,000 pre orders just on its first day.