TrendForce: 15.9 million foldables shipped in 2023, Samsung was the clear-cut leader

Michail, 22 February 2024

An estimated 15.9 million foldable phones were shipped last year as per the latest TrendForce report. The figure represents a 25% year-over-year rise and saw foldables climb up to a combined 1.4% market share of all smartphone shipments. TrendForce suggests the low adoption rate of foldables is mainly driven by their high price points and durability concerns.

Global foldable smartphone market share 2023-2024 (TrendForce)
Global foldable smartphone market share 2023-2024 (TrendForce)

Samsung continued its dominance as the leading foldable smartphone vendor with a 66% share of the market but the figure dropped by over 17 percentage points from 2022 values. Samsung’s snare of the foldable market is expected to drop down to 60% in 2024.

TrendForce: 15.9 million foldables shipped in 2023, Samsung was the clear-cut leader

Huawei came in a distant second place at just under 12% market share thanks to strong demand for its foldables in the Chinese market. TrendForce predict that Huawei may capture upwards of 20% of the foldable market in 2024. Xiaomi was the third leading OEM in terms of foldable shipments with a 5.4% market share.

Looking ahead, TrendForce estimated 17.7 million foldable shipments in 2024 – which would represent an 11% rise. Foldables are also estimated to reach a 2% market share by 2025.

Source


Related

Reader comments

  • Anonymous
  • 19 Mar 2024
  • X5u

15 million people are a lot. Ur opinion isn't valid. If u can feed 15 mil people then I'll acknowledge they aren't much.

I can totally agree with you. That's why I can miss the ridiculously long software support as most people who buy phone through carriers always change it every year or two anyway.

  • Anonymous
  • 23 Feb 2024
  • 0cB

You get the best software and support as well.

Popular articles

More

Popular devices

Electric Vehicles

More