Pages

As the Foldable Smartphones Are Getting Momentum, Global Foldable Devices Market Is Going To See A Raise in Its Sales in 2023

Foldable smartphones are getting quite popular in the several regions and because of this their global shipments and sales are going to increase by 52% YoY in 2023. Counterpoint Research analyzed the shipments of foldable smartphones and they found that in the year 2023, the sales figure of these smartphones are going to reach 22.7 million units.

All of this was predicted in Counterpoint Research's Global Foldable Smartphone Market Forecast for Q3 2022 report. In this report, Counterpoint revealed that about 14.9 million units in sales will be achieved for foldable smartphones global shipment in FY 2022. Not only this but in Q1 and Q2 of 2022, the foldable smartphones global shipment went to 9.5 million units and 90% YoY. Even if foldable smartphones shipment is seeing a raise, there is a high chance that it will decrease in Q4 2022. This is because of the inflation in the global market and the economy.

Counterpoint Research's director, Tarun Patakh says that these numbers of foldable smartphones in global shipment are not much but when we see them in the light of the ultra-premium segment, it seems like foldable smartphones are going to take a hold of this world. Foldable smartphones have made all the double-digit shares in the market and we are hopeful that these shares will increase by at least 20% in 2023.

There are many competitors in the global foldable market but Samsung remains at the top as always. Chinese OEMs are set to hit the market in 2023 so only time will tell what they will bring. It is also expected that Motorola, Honor, and Xiaomi are also going to enter the global foldable smartphones market outside of China in 2023. Huawei, Oppo, and Vivo are also going to release their latest foldable smartphones in 2023. It's safe to say that 2023 is going to be a good year for competition between these smartphones.

China OEMs are more inclined toward the European market and Apple is missing in action regarding foldable smartphones. But Apple always takes its time so we have to wait and see what Apple has in store for us.


Read next: Minecraft Secures Top Spot For Most Popular Video Game Of Gen Z In 2022

No comments: