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Samsung Electronics is enjoying strong orders for its new Galaxy Note 8 smartphone, and the company plans a foldable model for next year.   © (Courtesy of Samsung Electronics)

Samsung's answer to iPhone X: foldable smartphone

Pioneering tech in the works critical to stay atop industry as competition closes in

KENICHI YAMADA, Nikkei staff writer | South Korea

SEOUL -- Samsung Electronics hopes to quickly overcome technological challenges and unveil a foldable smartphone next year, determined to guard its increasingly tenuous market perch against threats from Apple and other up-and-coming tech players. 

The foldable smartphone is on the conglomerate's product strategy "roadmap," with "its release aimed for next year," Koh Dong-jin, president of the mobile business, said Tuesday at the unveiling of the Galaxy Note 8.

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