According to TrendForce’s 2023 report, record figures were reached in foldable phone sales. Although sales figures are increasing in the foldable phone industry, which continues to develop, the desired market share has not yet been reached. The reason for this is the questions that confuse the consumer about both the price of the devices and their durability. Even though this is the case, there is an increase in sales. According to TrendForce report Samsung is the leader in foldable phone sales figures happened.
Samsung Became the Leader in Foldable Phone Sales Figures
Smart phone The spectacular development in the market continues. While phones that provide superior performance and are eye-catching in terms of both camera and design continue to take their place on the shelves, innovations in terms of design are also required. Powerful players in the market who want to offer smartphones in different styles to consumers have, as it is known, introduced foldable phones to the market. It would not be wrong to say that the sales figures of these phones, which attract the attention of consumers, are increasing day by day.
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According to the information published by TrendForce, which presents its report on the smartphone market for 2023, foldable phone sales broke a record. The desired market share has still not been achieved, but there is a significant increase in sales figures. foldable phones, continues its steady path in the smartphone market. In this context, nearly 16 million foldable phones were sold last year. This figure is 25 percent more than the previous year.
Foldable phone sales figures Let us note that although it remains far below mainstream smartphone sales, it has recorded a significant increase in its own right. In this context, 1.4 percent of smartphones sold are stated as foldable devices. The reason for this may be durability and performance concerns due to both the price of the devices and the fact that they are new to the market.
Alright best selling foldable phone brand Let’s see which one…
Best Selling Foldable Phones
Pioneer of the foldable phone industry, according to 2023 data Samsung happened. In this industry market share 66 percent happened as. In 2022, this rate was 83 percent. As competition in the market increases, of course the brand’s market share will decrease; It is estimated that Samsung’s market share in the foldable phone market will decrease to 60 percent in 2024.
The second in the foldable smartphone market is Huawei happened. The market share of the brand, which was approximately 12 percent in 2023, is expected to increase to 20 percent in 2024. The third brand with the highest market share in the sector in question is Xiaomi appears as. Xiaomi, which has been on the agenda lately with its superior performance devices, has a share of 5.3 percent in the foldable phone market in 2023.
When we look at the best-selling foldable phone brands and models in 2023, Samsung is in the first two places. Galaxy Z Flip 5 and Fold 5 We encounter models. Third best selling device Huawei Mate while in the fourth place Honor Magic V2 It is located.
The foldable smartphone market shares of brands in 2023 can be listed as follows:
- Samsung 66.4%
- Huawei: 11.9%
- Xiaomi: 5.3%
- Other: 16.4%
According to TrendForce prediction, the foldable phone market will continue to grow. Shipment figures, which were approximately 16 million in 2023, are expected to approach 18 million in 2024. If these figures come true, foldable phones will enter the market by the end of this year. It will have a share of approximately 2 percent.