Overview:
In the second quarter of 2024, the global market for foldable smartphones saw steady growth, with shipments rising by 48% compared to the previous year, This growth was primarily seen in China, Western Europe, and Asia-Pacific (excluding South Korea and Japan). The strong growth of the overall smartphone market also played a significant role in this increase. We expect substantial growth in the foldable smartphone market, driven mainly by the introduction of entry-level foldable smartphones worldwide. However, it’s important to note that this prediction is still uncertain. There is concern among OEMs about potential decreases in sales of their current foldable devices, which may lead to limited supply. Nevertheless, the increasing competition among OEMs, including Huawei, Honor, and Motorola, is likely to fuel further growth in the global foldable market.
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Jene Park
Jene (Jin Suk) is a Senior Research Analyst at Counterpoint Research based on Seoul korea, Since he started his career in Samsung, he experienced various industry and jobs including Strategy Consultant in international Consulting firms. To pursue his major interest in smart devices and connectivity, he joined Counterpoint Research team. In academic side, Jene holds a Bachelor of Economics degree in Yonsei Univ in Korea.
