Foldable smartphones obtain record-breaking gross sales in Q3

Briefly: The third quarter of 2023 marked a historic interval for foldable smartphones, with Samsung main the way in which. The celebration could possibly be brief lived, nevertheless, because the handset maker is predicted to lose important market share in This fall.

In response to a brand new report from Show Provide Chain Consultants (DSCC), foldable smartphone shipments elevated 16 % yr over yr and 215 % quarter over quarter in Q3, totaling seven million items. The determine beat expectations and topped the earlier excessive of 6.1 million items shipped in Q3 of 2022.

DSCC said Samsung accounted for 72 % of the foldable smartphone market in Q3. That’s down from 86 % a yr in the past however nonetheless leaps and bounds forward of the competitors. Huawei completed in second place with only a 9 % share adopted by Honor with eight %. For the total yr, foldable smartphone shipments are anticipated to succeed in 15.8 million items – a rise of 23 % in comparison with 2022.

Samsung owes a lot of its success to its two best-selling foldable models, the Galaxy S Flip 5 and the Galaxy Z Fold 5, which captured 45 % and 24 % market share in Q3, respectively.

The hole between first place and everybody else is predicted to slender considerably in This fall, nevertheless. In response to DSCC, Samsung’s model share may fall to round 40 % with Huawei and Honor climbing nearer to the 20 % mark.

DSCC CEO Ross Younger mentioned 2023 has been a combined yr for foldables. The sector benefited from Huawei regaining its footing, new entrants like Google and OnePlus, and general enhancements to machine thickness and weight, however the general sluggishness of the high-end Android market has been a hindrance.

Have you ever had a chance to expertise a foldable but? I had some hands-on time with a Motorola Razr lately and whereas I used to be impressed with the picture high quality of the show, its plastic nature and visual crease was a little bit of a flip off.

Picture credit score: Imad Clicks


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