Overview:
The global foldable smartphone market showed 2.52 m units in Q1 2023, a year-on-year increase of about 64% based on sell-in volume. While the overall smartphone market is moving sideways, the YoY increase in foldable smartphones is attributable primarily to the growth of the foldable market in China, where new foldable products were launched recently. In the first quarter of 2023, the Chinese foldable market showed 1.08 m units, accounting for 43% of the global foldable market, the highest ever. Besides the China market, the overall consumer awareness of foldable products is improving, with overall global foldable market demand showing moderate growth in the first quarter.
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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.
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