Samsung has been one of the leading smartphone brands when it comes to foldable smartphones and with being an early entrant, it basically created a new category of products in the market.

The early bet from the South Korean giant appears to have been paid off given that the company is now dominating the foldable smartphones market.

Samsung Galaxy Z Flip 3
Samsung Galaxy Z Flip 3

A new report from analytics firm Omdia reveals that Samsung accounted for more than 61 percent of the market share for the shipment of foldable smartphones in the year 2021. It also shared that out of the top 11 foldable devices available in the market, five of them come from Samsung.

The report goes on to add that the Samsung Galaxy Z Flip 3 was the most popular foldable smartphone, having shipped around 4.6 million units. This is quite an achievement for the South Korean-based technology giant as it has managed to increase shipments from 1.1 million units of Galaxy Z Flip in 2020.

Apart from making some minor but important changes to the Galaxy Z Flip 3 smartphone after learnings from its predecessor, the company also priced it significantly lower than its predecessor, nearly $400 cheaper, which helped boost its sales.

On the other hand, the company also slashed the price of the Galaxy Z Fold 3 by $200 compared to its predecessor, which took the price of the device to $1,799, leading to a huge increase in shipments from 700,000 units in 2020 to 2.5 million units in 2021.

The Omdia report adds that the combined shipments of the Galaxy Z Flip 3 and Galaxy Z Fold 3 smartphones account for 7.1 million units, which is over 61 percent of the total number of phones delivered. It is being speculated that this year, Samsung’s devices could account for over 70% of the foldable smartphone market globally.

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