The smartphone industry is gradually recovering. The overall sales of foldable smartphones have skyrocketed as the leading manufacturer Samsung takes the lead in cutting prices. Research and research organization DSCC estimates that this quarter’s foldable smartphone shipments will reach 3.8 million units, a surge of over 450% from the same period last year, and Samsung’s market share will increase to 95%.
Folding smartphones in 2019 came, after two years of flat period, this year, Samsung led bargain, the overall sales by leaps and bounds. According to the DSCC survey, global foldable smartphone shipments in the third quarter broke a record of 2.6 million units, an annual increase of 480%, and shipments in the first quarter alone surpassed the results of the past year.
The main reason for the large increase in folding device shipments came from Samsung, which accounted for 93% of the market in the third quarter; in terms of model, the Galaxy Z Flip 3 accounted for up to 60% of the overall folding device market, and the second name was Samsung Galaxy Z Fold 3. The city accounts for 23%.
DSCC estimates that the fourth quarter shipments of foldable smartphones will reach 3.8 million units, an annual increase of 450%, and Samsung’s market share will increase to 95%; after Samsung takes the lead in reducing prices, major mobile phone manufacturers will also lower the prices of foldable phones. Folding mobile phone shipments in 2022 are expected to increase by 132% annually to 17.5 million units.
Counterpoint predicts that next year, Samsung’s folding smartphone sales will reach 12 million to 13 million units, accounting for 74% of the market. The three land-based factories, including Xiaomi, OPPO, and Huawei, will have a combined market share of 14%.
Previously, the market continued to report that Apple would launch a foldable iPhone. Apple Insider quoted analysts’ forecasts and reported that Apple’s first foldable iPhone will come out in 2023 or 2024 as soon as possible. Currently, Apple is still developing and testing the supply chain.