Samsung had 72% of the global foldable market last quarter
<\/h2>\n<\/p>\nAccording to Display Supply Chain Consultants (DSCC)<\/a>, Samsung had a 72% market share during the third quarter, which is certainly dominant, but down from the 86% share of the global foldable pie that Samsung held during the same quarter last year . Competitors have launched more models and produced higher volumes. To show you how much Sammy still dominates the sector, the second largest market share was the 9% attributed to Huawei. The latter's former subunit, Honor, finished 3rd with 8% of the foldable market in the 3rd quarter.<\/div>\n\n\n\n![\"Samsung](\"https:\/\/wikidollar.net\/wp-content\/uploads\/2023\/12\/Samsung-dominated-a-record-breaking-third-quarter-for-the-foldable.jpg\")
<\/source><\/source><\/source><\/picture>\n<\/div>\nSamsung is, by far, the world's leading manufacturer of foldable smartphones<\/p>\n<\/div>\n<\/div>\n
As expected, the two best-selling foldable phones in Q3 were the Galaxy Z Flip 5<\/span><\/span> And Galaxy Z fold 5<\/span><\/span> responsible for 45% and 24% of foldable shipments in the third quarter, respectively. It might surprise some of you that the Galaxy Z Flip has been the best-selling foldable, beating out its stablemate, the Galaxy Z Fold, for a few years now. Huawei's Mate<\/div>\nDSCC expects deliveries in the holiday quarter to increase 47% year-over-year to 3.6 million. But compared to the record third quarter, on a sequential basis, foldable shipments in the fourth quarter are expected to decline by 35%. DSCC forecasts a decline in Samsung's foldable shipments over the three months and expects its market share to decline to 42% during the period. Last year, Samsung had 83% of the foldable device market during the holiday quarter, but DSCC expects Q4 shipments to decline for the quarter. Galaxy Z Flip 5<\/span><\/span> And Galaxy Z fold 5<\/span><\/span>.<\/div>\nDSCC sees Huawei take an impressive 21% share of the foldable market in Q4, with Honor at 19%. While the Galaxy Z Flip 5<\/span><\/span> Still expected to lead the way with a 22% market share, Huawei's Mate X5, with a 15% share of the foldable pie, will be second and the Honor Magic V3 will move to number three. With 12% of the global foldable market in the fourth quarter, DSCC expects the Galaxy Z fold 5<\/span><\/span> to finish fourth in the final quarter of the year.<\/div>\nDSCC CEO Ross Young summed up the foldable device market for 2023 by writing: \u201c2023 was a mixed year for foldable devices. It benefited from Huawei regaining its footing and gaining significant share, several new entrants such as Google<\/a>, OnePlus, and Tecno, as well as impressive improvements in thickness, weight, and reduced visibility of devices. seams.<\/p>\nApple's entry into the foldable market may be necessary to take the segment to the next level
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Young added: \u201cWe have also seen Chinese panel suppliers increase their volumes, take share from Samsung Display and introduce a number of innovations previously only available from Samsung Display, such as LTPO, POL-LESS and UTG. However, 2023 foldable phone<\/span> Volumes ended up being 15% lower than our forecast for Q1 2023 as the premium Android smartphone market remains sluggish. \u00bb<\/p>\n\n\n\n![\"Foldable](\"https:\/\/wikidollar.net\/wp-content\/uploads\/2023\/12\/1701903365_233_Samsung-dominated-a-record-breaking-third-quarter-for-the-foldable.jpg\")
<\/source><\/source><\/source><\/picture>\n<\/div>\nFoldable smartphone shipments hit record high in third quarter<\/p>\n<\/div>\n<\/div>\n
<\/source><\/source><\/source><\/picture>\n<\/div>\nSamsung is, by far, the world's leading manufacturer of foldable smartphones<\/p>\n<\/div>\n<\/div>\n
DSCC CEO Ross Young summed up the foldable device market for 2023 by writing: \u201c2023 was a mixed year for foldable devices. It benefited from Huawei regaining its footing and gaining significant share, several new entrants such as Google<\/a>, OnePlus, and Tecno, as well as impressive improvements in thickness, weight, and reduced visibility of devices. seams.<\/p>\n Young added: \u201cWe have also seen Chinese panel suppliers increase their volumes, take share from Samsung Display and introduce a number of innovations previously only available from Samsung Display, such as LTPO, POL-LESS and UTG. However, 2023 foldable phone<\/span> Volumes ended up being 15% lower than our forecast for Q1 2023 as the premium Android smartphone market remains sluggish. \u00bb<\/p>\n Foldable smartphone shipments hit record high in third quarter<\/p>\n<\/div>\n<\/div>\nApple's entry into the foldable market may be necessary to take the segment to the next level
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