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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.
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