According to reports, the new Galaxy Fold 4 and Flip 4 foldable smartphones may see sales of around 9 million units this year, assisting Samsung’s foldable market share to jump to 80% at the end of this year. The company took pleasure in the dominant market share of foldable during the first half of this year.
The second and third places are occupied by Huawei and Oppo. Foldables progress to be the fastest growing smartphone product category this year and Samsung continues to lead the category it created with the first Galaxy Fold device. The Foldables are likely to grow to 26 million units in the coming year.
Senior analyst Jene Park said, “The strong growth defies present economic headwinds as the premium market shows resilience and constant demand. Counterpoint predicts sturdy growth through 2023 as well.” From 9 million units last year to 16 million units, the global foldable smartphone market is set to grow 73% this year.
Park said, “Foldables not only bring a fresh design to smartphones traditionally ruled by bar-type form factors but also more screen real estate.” This is growing in importance with smartphone use cases expanding, especially across media, entertainment, and work.