foldable smartphone The market continues to grow for years. Market leader by far Samsung even though, Huawei’s It was stated that he achieved unexpected successes. It is even said that the company may surpass Samsung this year.
Huawei could be the foldable smartphone leader in 2024
According to a new report by Display Supply Chain Consultants (DSCC), the foldable phone market recorded significant growth in the last quarter of 2023. Foldable smartphone shipments increased by 33 percent compared to the previous year, reaching 4.2 million units.
This figure also marked the fourth-largest quarter ever. However, market leader Samsung’s Galaxy Z Fold 5 and Z Flip 5 sales were below expectations. Despite this performance, Galaxy Z Flip 5 and Z Fold 5continued to be the best-selling foldable models in the last quarter.
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A total of 23 different foldable models were shipped during the period. While Samsung had four models in the top 10, Honor and OPPO had two devices. Huawei and Xiaomi completed the list with one model each.
Huawei and Honor were among the most notable brands of the quarter. Mate X5It became the second best-selling phone after the Galaxy Z Flip 5. Honor Magic Vs2 ranked in the top five along with Galaxy Z Fold 5.
DSCC expects Huawei to become the largest foldable phone brand, surpassing Samsung for the first time in the next quarter. Mate Huawei Pocket 2‘s unexpected sales revealed the Chinese giant’s rising market share.