Samsung was the primary model on the planet to launch a foldable smartphone for the mass market. It was the Galaxy Fold 5G. Because the South Korean tech big was the one one providing such a cellphone, the corporate led the foldable smartphone market worldwide.
Nevertheless, quickly after that, different manufacturers, primarily Chinese language, too got here up with foldable gadgets. Though these firms haven’t been as profitable as Samsung but, they’ve been gaining traction within the area. As such, Samsung’s share within the worldwide foldable smartphone market has been constantly falling within the latest years.
In Q2 2024, although the South Korean tech big led the market, it had a share of solely 16.4%. Motorola was trailing shut behind with a share of 15.6%. The 2 had been so shut that there was a risk of Samsung shedding the lead place. Nicely, to everybody’s shock, the South Korean tech big has bounced again strongly.
Samsung’s share in worldwide foldable cellphone market jumps from 16.4% to 51.2%
Based on a new report from Worldwide Knowledge Company (IDC), in Q3 2024, Samsung led the foldable smartphone market with a share of 51.2%. That’s a large leap from the earlier variety of 16.4%. Motorola’s market share, however, has dropped down to fifteen.1%. Regardless of that, it’s holding the second place.
Samsung is now means forward of the competitors, and there’s little question that the explanation behind the success is the Galaxy Z Fold 6 and the Galaxy Z Flip 6. These telephones provide issues that individuals have been asking for, together with a extra compact design, lighter weight, enhanced sturdiness, higher shows, higher cameras, and extra highly effective processors.
The story continues after the video…
https://www.youtube.com/watch?v=EMwKtoVevLk
If Samsung retains listening to and assembly prospects’ calls for, there’s no beating the corporate within the foldable smartphone market. Nicely, at the least until Apple comes up with a foldable iPhone, which is not anticipated to return out in earlier than 2027.