Briefly: The third quarter of 2023 marked a historic interval for foldable smartphones, with Samsung main the way in which. The celebration might be brief lived, nonetheless, because the handset maker is anticipated to lose important market share in This fall.
In line with a brand new report from Show Provide Chain Consultants (DSCC), foldable smartphone shipments elevated 16 p.c 12 months over 12 months and 215 p.c 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 stated Samsung accounted for 72 p.c of the foldable smartphone market in Q3. That’s down from 86 p.c a 12 months in the past however nonetheless leaps and bounds forward of the competitors. Huawei completed in second place with only a 9 p.c share adopted by Honor with eight p.c. For the complete 12 months, foldable smartphone shipments are anticipated to achieve 15.8 million items – a rise of 23 p.c in comparison with 2022.
Samsung owes a lot of its success to its two best-selling foldable fashions, the Galaxy S Flip 5 and the Galaxy Z Fold 5, which captured 45 p.c and 24 p.c market share in Q3, respectively.
The hole between first place and everybody else is anticipated to slender considerably in This fall, nonetheless. In line with DSCC, Samsung’s model share might fall to round 40 p.c with Huawei and Honor climbing nearer to the 20 p.c mark.
DSCC CEO Ross Younger stated 2023 has been a combined 12 months for foldables. The sector benefited from Huawei regaining its footing, new entrants like Google and OnePlus, and total enhancements to system thickness and weight, however the total sluggishness of the high-end Android market has been a hindrance.
Have you ever had a possibility to expertise a foldable but? I had some hands-on time with a Motorola Razr just 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