Huawei Surpasses Samsung in Global Foldable Phone Market
Chinese OEMs drive significant growth in the foldable segment as Samsung faces declining market share.
- Huawei's foldable phone shipments grew by 257% year-on-year in Q1 2024.
- Samsung's market share dropped from 58% to 23% over the same period.
- Book-styled foldable phones are now more popular than flip-styled models.
- Motorola and Honor also saw substantial growth in the foldable market.
- Samsung and Motorola plan new foldable phone launches in mid-2024.