Foldable Smartphones Shipment Made Record, First Position is Still With Samsung

Sales of foldable smartphones have increased rapidly in the last few years. In the third quarter of the current year, sales in this segment have increased more than expected. The main reasons behind this are South Korean consumer electronics company Samsung's introduction of Galaxy Z Flip 5 and Galaxy Z Fold 5 in July and the launch of foldable smartphones of some other brands.

Display Supply Chain Consultants (DSCC) reports that shipments of foldable smartphones in the third quarter of this year grew by about 215 percent on a quarter-on-quarter basis and 16 percent on a year-on-year basis. Samsung has more than 75 percent share in this market. China's Huawei is in second place with about nine percent share. In March this year, the company launched Huawei Mate X3. It has Snapdragon 8+ Gen 1 SoC as its processor. This book style foldable smartphone has a 7.85-inch (2,224×2,496 pixels) OLED internal display and a 6.4-inch OLED (1,080×2,504 pixels) cover panel.

Honor ranks third in the market of foldable smartphones with about eight percent market share. Ross Young, CEO of DSCC, said that the shipments in this segment have increased due to new foldable smartphones like Google Pixel Fold, OnePlus Open, Tecno Phantom V Flip and Tecno Phantom V Fold.

The price of 12 GB RAM + 256 GB base variant of Samsung's Galaxy Z Fold 5 in India is Rs 1,54,999. Apart from this, the price of 512 GB and 1 TB is Rs 1,64,999 and Rs 1,84,999 respectively. These have been made available in Cream, Icy Blue and Phantom Black colors. The price of the base variant of the company's Galaxy Z Flip 5 with 8 GB RAM + 256 GB storage is Rs 99,999 and the price of 8 GB RAM + 512 GB storage variant is Rs 1,09,999. Market research firm Techarc estimates that the share of foldable smartphones in the total revenue of smartphones this year will be more than 1.8 percent. Samsung hopes that the new foldable smartphones will help it take half the share in the super premium smartphone category in the country. American company Apple, which manufactures iPhone, is at the forefront in this segment.