Seven Chinese Manufacturers Producing Foldable Smartphones
Chinese Foldable Smartphone Market Experiencing Tremendous Growth
The Chinese market for foldable smartphones is experiencing an unprecedented boom, with shipments reaching 1.96 million units in the third quarter of this year, according to market consulting agency IDC. This represents a staggering 90.4% increase compared to the previous year, highlighting the growing popularity of foldable smartphones among Chinese consumers.
The market share of the seven largest foldable smartphone manufacturers in China for the first three quarters of 2023 is as follows:
– Lenovo: 2% market share
– Xiaomi: 5.2% market share
– Vivo: 12.7% market share
– Honor: 15.1% market share
– Samsung: 15.4% market share
– Oppo: 17.9% market share
– Huawei: 31.7% market share
These companies are setting trends and driving the development of the foldable smartphone market in China. Looking ahead to 2022, several key trends are expected to shape the industry. Firstly, folding smartphones are becoming increasingly thinner than traditional ones, and efforts in this direction are ongoing. Secondly, there is a focus on improving the design of foldable smartphones, allowing for more creativity, especially in terms of their folded appearance. Lastly, the concept of a phone with no fold is also gaining traction.
With such rapid growth and innovation in the foldable smartphone market, Chinese manufacturers are positioned to lead the global industry in the coming years. As consumers continue to embrace these cutting-edge devices, the competition among manufacturers is expected to intensify, leading to further advancements and improvements in the field.
It is clear that foldable smartphones are not just a passing trend but are here to stay, revolutionizing the way we use and interact with our mobile devices. As technology continues to evolve, we can expect even more exciting developments in the foldable smartphone market, making it an area to watch closely in the coming years.
Photo: chinadaily.com.cn
