The report said that global foldable smartphone shipments will reach 2.5 million units in the first quarter of 2023 (Q1 2023). the interview.
According to TOI India, the numbers were significant as the foldable market grew despite a 14.2% year-on-year decline in the total global smartphone market over the same period, and the report showed that foldable smartphone markets were strong in almost all major regions. Growth in the first quarter starting in 2023.
What is driving the global foldable smartphone market?
The report attributed the strong growth of the global foldable market to the growth of the Chinese foldable market, and although the overall Chinese smartphone market declined by nearly 8% in the first quarter of 2023, the foldable market grew and grew. 117% to 1.08 million units year over year.
In 2023, the global folding market will witness competition in products and prices due to the intense aggressiveness between OEMs and thus. Garden The year will also witness an increase in sales of clamshell smartphones with the launch of several products..
Can Apple compete with foldable smartphones?
According to Park, Apple is still not there in the short term.
“However, as consumer response to foldable phones improves, it may be that Apple produces other foldable phone products soon, and the brand’s participation in the foldable smartphone market may be after 2025.”
