Overview:
Global foldable smartphone shipments rose 10% YoY in Q2 2023 to reach 2.1 million units, driven mainly by the growth in the China foldable market. For 2Q 2023, the regional growth of the foldable market was pitchy. The relatively fast growth of China foldable market has started making a noticeable impact on the global competitive landscape. There are signs that Chinese OEMs' international expansion is in full swing.
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