When foldable phones made their entrance, there was skepticism if the phones will enjoy a seamless run considering their fragility and expensive prices. The issues with the first-gen Galaxy Z Fold from Samsung didn’t help matters as it further heightened doubts about the ability of foldable phones to make a mark in the market. The steep pricing and fragility contributed to TCL’s decision to shelve its own foldable phone project.

Well, turns out the foldable models are doing incredibly well in the market, exceeding expectations. A research report published by the screen agency DSCC pointed out that in the third quarter of this year, the total shipments of foldable display-packing mobile phones increased by 215% month-on-month and 480% year-on-year.

In terms of brands, Samsung’s shipment accounted for a staggering 93% share of the market while Huawei’s shipment accounted for the remaining 6%. The market is presently almost controlled by the two companies of which Huawei’s run in the market is limited to China due to the US embargo.

DSCC projects that the shipment of foldable display-packing mobile phones will increase from 2.6 million units to 4 million units in the fourth quarter of this year. The firm also projects that shipments will increase to 20 million units by next year even though the market is expected to record less than 10 million units in shipments this year.

In terms of models, the most popular foldable phone is the Galaxy Z Flip 3 followed by the Galaxy Z Fold 3, Galaxy Z Flip 5G, while the Huawei Mate X2 4G version, and 5G version ranked fourth or fifth.

It is worth mentioning that Huawei is rumored to have got a Mate series flip foldable display mobile phone in the works. The model which will utilize a flip design just like that of the Galaxy Z Flip3 and Motorola Razr 5G is expected to be unveiled in December. The model will be cheaper and should increase Huawei’s share of the market when it goes on sale.

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