According ETNews, the firm is believed to have already sold 500,000 of the foldable device and had originally planned on selling by next year, but cut the target figure back by four million.
It's an ambitious goal for the company, who was forced to delay the release of the product due to issues with its screen.
Among the problems with the device, most - including screens that continually flickered and hinge bulges - were caused by users peeling off a protective film on the screen that looked removable, but should not have been removed.
Bloomberg's sources said Samsung stretched the protective film across the entire screen and into "the outer bezels so it would be impossible to peel off by hand".
Meanwhile, Samsung Electronics CEO DJ Koh recently admitted the botched Galaxy Fold rollout was "embarrassing" and said he had "pushed it through before it was ready."