Foldable smartphones had been extra common within the third quarter of 2023 than was anticipated earlier, in response to a brand new report. The shipments of foldable smartphones and their panels surged within the quarter on account of two main causes, as per the numbers revealed within the research – firstly, the launch of Samsung’s Galaxy Z Flip 5 and Galaxy Z Fold 5 in July this yr and secondly, the sheer rise within the variety of foldable smartphones launched from completely different manufacturers, particularly in China.
In keeping with the Show Provide Chain Consultants (DSCC) report, the shipments of foldable smartphones in Q3 2023 rose 215 % Quarter-on-Quarter and 16 % 12 months-on-12 months to 7 million models. That is 1 % above the outlook and surpasses the sooner file of 6.1 million models in Q3 2022 by 16 %. South Korean OEM Samsung led market share within the quarter with 76 %, with main calls for in European markets, as per the report.
Huawei claimed the second spot out there share at 9 %. The corporate launched the Huawei Mate X3 in March this yr with a Snapdragon 8+ Gen 1 SoC and a 4,800Ah battery with 66W wired and 50W wi-fi charging help. The book-style foldable carries a 7.85-inch (2,224×2,496 pixels) OLED inside show and a 6.4-inch OLED (1,080×2,504 pixels) cowl panel.
Honor grabbed onto the third spot with an 8 % market share with its Magic V2 mannequin. That is one other book-style foldable smartphone launched in China. It’s backed by a Snapdragon 8 Gen 2 SoC and a 5,000mAh battery with 66W Honor SuperCharge help. This telephone incorporates a 7.92-inch inside show with a decision of two,344 x 2,156 pixels, and a 6.43-inch outer display screen with a decision of two,376 x 1,060 pixels.
The DSCC report added that in This autumn 2023, foldable smartphone shipments are anticipated to fall 35 % QoQ and rise 47 % YoY to three.6 million. Samsung’s model share can be anticipated to take a tumble to land at 42 %, in response to the report.
DSCC CEO Ross Younger famous that the entry of latest gamers within the foldable smartphones market with Google Pixel Fold, OnePlus Open, Tecno Phantom V Flip and Tecno Phantom V Fold has helped this rise in shipments.
