According to a new report by DSCC, Samsung will lose the top spot in the foldable smartphone market. That will happen in this quarter (January-March).
Samsung is set to lose its top spot in the global foldable smartphone market
Based on the report shared by DSCC, Huawei will climb up to the top spot. The source shared a report in which it shows the foldable smartphone market progress in a span of one year. So you can basically see data from Q1 2023 to Q1 2024 below.
Various companies are included here, ranging from Samsung and Huawei to HONOR and OnePlus. The red line is Samsung’s, and you can clearly see a decline there, from the third quarter of last year. Huawei has been gradually climbing from that point.
DSCC says that foldable smartphone shipments have increased by 33% YoY in the fourth quarter of last year. 4.2 million units have been shipped out. The source also states that the foldable smartphone market could rise by 105% YoY in the first quarter of 2024.
The Huawei Mate X5 & Pocket 2 sales were rather significant, it seems
It seems like the Huawei Mate X5 and Pocket 2 played a huge role for Huawei. Even though both of those smartphones are limited to China, their sales have been off the hook and thus managed to mess up Samsung’s plans.
The report also notes that HONOR gained a significant share of the foldable smartphone market in the last year or so. OPPO and Vivo, on the other hand, could lose their shares due to the unavailability of new products in China, it is stated.
It remains to be seen what will the rest of the year look like. The Galaxy Z Fold 6 is coming later this year, with a wider cover display, and hopefully a less noticeable crease. It may appeal to users and help Samsung get some of its market share back. Samsung really is playing catchup to other companies in terms of foldable phones, at least when it comes to design/build.
