Foldable smartphones are gaining in popularity due to their unique design and innovative features. With the ability to fold in half, these phones give users a larger screen size that can easily fit into a pocket or purse when not in use. Additionally, foldable phones offer a degree of versatility that traditional smartphones do not, allowing users to use them in a variety of different ways. As more companies release foldable phone models and improve upon their design, it is likely that they will become even more popular in the coming years. Right now, however, it seems like Samsung has a strong hold over the foldables market, since the sales of its foldable smartphones were more than all other brands’ foldables combined.
According to a report by Steven Kiernan and Yongsub Eric Shin, the foldable smartphone market recorded an impressive 14.2 million total shipments in 2022. Samsung emerged as the clear leader, with just under 12 million foldable devices shipped. Other players in the market, such as Huawei, Oppo, Vivo, Xiaomi, and Honor, each shipped under 1 million foldable devices in the same period. However, despite the decline in shipments in Q4 2022, the foldable market seems to be in a relatively healthy place, especially considering the challenges faced by the smartphone industry as a whole in 2022.
Looking ahead, estimates suggest that foldable smartphone shipments will double in 2023, reaching an impressive 30 million. Samsung has set a shipment target of 15 million units for the Galaxy Z Fold 4 and Galaxy Z Flip 4 combined. The two aforementioned devices with high refresh rate displays, Snapdragon 8+ Gen SOCs, and amazing camera units. Samsung is looking to tighten its grip on the foldable smartphone market even further with the launch of the Galaxy Z Fold 5 and Galaxy Z Flip 5 later this year.
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(Via)
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