Foldable smartphones acquire file-breaking sales in Q3

The third quarter of 2023 marked a ancient duration for foldable smartphones, with Samsung main the manner. The party might be quick lived, however, because the handset maker is predicted to lose tremendous market percentage in Q4.

According to a new document from Display Supply Chain Consultants (DSCC), foldable cellphone shipments accelerated 16 percentage year over yr and 215 percentage region over sector in Q3, totaling seven million units. The figure beat expectancies and crowned the previous excessive of 6.1 million gadgets shipped in Q3 of 2022.

DSCC said Samsung accounted for 72 percentage of the foldable smartphone marketplace in Q3. That is down from 86 percentage a yr ago but still leaps and limits in advance of the opposition. Huawei finished in 2nd place with only a 9 percentage share accompanied by means of Honor with eight percentage. For the total yr, foldable cellphone shipments are expected to attain 15.Eight million gadgets – an growth of 23 percent compared to 2022.

Samsung owes a great deal of its achievement to its first-rate-selling foldable models, the Galaxy S Flip 5 and the Galaxy Z Fold five, which captured 45 percentage and 24 percentage marketplace proportion in Q3, respectively.

The gap between first area and all of us else is expected to slender significantly in Q4, however. According to DSCC, Samsung's logo percentage ought to fall to round 40 percent with Huawei and Honor hiking towards the 20 percent mark.

DSCC CEO Ross Young said 2023 has been a mixed yr for foldables. The area benefited from Huawei regaining its footing, new entrants like Google and OnePlus, and usual improvements to device thickness and weight, however the standard sluggishness of the excessive-quit Android marketplace has been a issue.

Have you had an opportunity to experience a foldable yet? I had a few arms-on time with a Motorola Razr currently and even as I turned into impressed with the image satisfactory of the show, its plastic nature and seen crease become a chunk of a flip off.

Image credit: Imad Clicks