Global Foldable Smartphone Market Tracker Q3 2023

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Dec 18, 2023

Overview:

Global smartphone shipments are forecast to decline 5.3% YoY in 2023 to reach 1.16 billion units, the lowest in a decade, as macroeconomic headwinds and weakness in consumer demand pressured the sector throughout the year. However, for the global foldable smartphone market, shipments are advancing in the opposite direction. However, the global foldable smartphone market grew continuously in 2023. In Q3 2023, the global foldable smartphone market increased 27.5% YoY, based on sell-in volume, to reach 7.09 million units, driven by the Chinese foldable market (up 172% YoY), the Asia-Pacific foldable market (up 178.5% YoY) and the MEA foldable market (up 134% YoY).

Table of Contents:

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Category

Industry

Smartphone

Report Type

Report

Time period

Quarterly

Summary

Published

Dec 18, 2023

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Author

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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