Display Supply Chain Consultants (DSCC) has released a new report that provides some insight into the state of the foldable market. Over the past few quarters as well as what to anticipate for the growing competition from Samsung’s Galaxy foldable lineups.
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The report says that in Q3 2022, the foldable market shipped a record number of more than 6 million units. Due to the release of its most recent foldable phones, the Galaxy Z Flip 4 and Galaxy Z Fold 4, which occupied the top two spots in the foldable market, Samsung unsurprisingly accounted for the majority of that.
However, the foldable market isn’t looking so good for Q4 2022. Shipments are expected to drop by 25% and nearly 50%, respectively, from Q3 2021 and Q4 2022, respectively. But Ross Young, CEO of Display Supply Chain Consultants, predicts that things will pick up in 2023 as more players introduce foldable. With shipments anticipated to reach as much as 17 million.
DCSS notes that this is the first year-over-year decline in the foldable space and suspects that the iPhone 14 may have been a factor in this decline.
Young writes, While the foldable market stalled in Q4’22, due in part to the launch of the iPhone 14 as well as the weak global economy, the smartphone. Display markets continue to reach new highs and gain share. Samsung’s share of the foldable market will decrease from 78% in 2022 to 72% in 2023.
The OPPO Find N2 Flip is likewise prone to turn into the fourth most well-known foldable in Q1 2023. The Find N2 Flip will likely be less expensive than its larger counterpart due to its clamshell design. It will probably follow in the footsteps of Samsung’s wildly successful Galaxy Z Flip series. The best foldable phone of 2023 based on its stylish, compact design and lower price.
Lastly, regarding the Pixel foldable, rumors suggest that it will be released around Google I/O 2023. This could give Samsung a run for its money as it gets ready to launch its successors later this year.
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