In the second quarter of 2023, the global foldable smartphone market saw remarkable growth, surging by 10% YoY to reach a total of 2.1 million units, as revealed by Counterpoint Research.

This impressive expansion starkly contrasts the global smartphone market, which experienced a 9% decline in shipments during the same period, totalling 268 million units.

A similar trend is also mirrored in the Chinese foldable smartphone market. Although the broader Chinese smartphone market experienced a 4% YoY dip in shipments, reaching 61.9 million units due to economic challenges and reduced consumer spending, the Chinese foldable smartphone market defied these odds.

It recorded an astonishing 64% year-over-year growth, reaching 1.2 million units, as shown in the Techloy chart below. As a result, China now commands a 58.6% share of the global foldable smartphone market, showcasing its dominance in this emerging segment.

This post is for subscribers only

Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Subscribe now