Foldable phones make the strongest mark of the quarter thanks to Samsung

Foldable phones are currently one of the most heavily advertised product categories, and although not many people can afford them at the moment, foldable phone shipments recorded a strong quarter. most ever.

According to a The report of DSCC, foldable smartphone shipments in the third quarter of 2021 were larger than the previous four quarters combined, thanks to growth of 215% QoQ and 480% YoY. Q3 2021 saw 2.6 million foldable phone shipments.

Currently, Samsung dominates the foldable smartphone market with a 93% market share, followed by Huawei, which holds only 6% of the foldable market.

According to the report, Galaxy Z Flip 3 and Galaxy Z Fold 3 has over 90% market share and the reason could be that both these phones are priced lower than their respective predecessors.

The report is also quite optimistic about foldable phone sales in Q4 2021. Foldable phone shipments are expected to increase by 47% QoQ and more than 450% YoY. to 3.8 million units in Q4. Samsung is also expected to continue to dominate with nearly 95% market share.

The report highlights that Samsung’s success in the foldable phone market is driven by a number of factors, including a major marketing push, increased awareness, and improved affordability.