Huawei has dominated the foldable phone market
Foldable phones are our new normals, therefore companies have been competing hard to get better.
IDC released a new report earlier today that gives us many important ideas about what the foldable phone market. The report especially focused on China's market for foldable smartphones. According to the report Huawei has dominated the market.
Huawei has dominated the foldable phone market
In the fourth quarter of 2022, the region's market for foldable smartphones shipped more than 3 million units, representing a significant increase of 118% year-over-year. In addition, the category of foldable phones saw an overall increase in the smartphone market, increasing from 0.5% in 2021 to 1.2% in 2022. With a massive 47.4% share of the market for foldable phones at this time, Huawei ascended to the throne. As a result, the Chinese tech giant was responsible for nearly half of all handsets sold in the region with flexible screens.
The Pocket S, Mate Xs 2, P50 Pocket, and even Mate X2 are just a few of the models that contributed to the company's high market share. With a 16.5% market share, Samsung occupied the second position in the market. Thinking about globally Samsung still has an important place for foldable but in China Huawei has taken the lead.
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