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Foldable smartphone shipments could skyrocket to an impressive 18.3 million units by 2023, marking a 43% YoY surge but capturing only a slim 1.6% of the year's total smartphone market, and Huawei ranks second with a market share of 14%.
Huawei led the country's foldable smartphone market in the first half of this year
The foldable smartphone market has seen remarkable growth in China
Global foldable smartphone market continues to expand, underpinned by China
Sales of foldable smartphones in China are defying a downward trend in the global market and could more than double in 2023 from last year.
Chinese tech company vivo launched last week its latest flagship foldable smartphone X Fold 2 and X Flip in its latest push to expand its presence in the burgeoning foldables segment.
Sales of foldable screen mobile phones in the Chinese market reached 723,000 units, surging 114% in the third quarter, despite the overall decline in China’s smartphone market.
China's foldable smartphone sales could surge as prices drop
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