China foldable smartphone shipments are rising slowly this 12 months, based on Counterpoint Analysis, even because the nation is poised to account for greater than 50% of world shipments within the handset section in 2024.
Shipments of foldable handsets in China, the world’s largest smartphone market, are anticipated to achieve 9.1 million items this 12 months, up 2% from 2023, based on Counterpoint’s newest market report launched Friday .
That is in stark distinction to the triple-digit annual progress charges recorded in earlier years, together with 103 p.c in 2023, 191 p.c in 2022 and 442 p.c in 2020.
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The slower supply forecast for foldable telephones in China displays the latest decline in international demand.
International foldable telephone shipments noticed a 1% year-over-year decline within the three months ended September following six consecutive quarters of progress, based on a Counterpoint report from November.
Samsung Electronics’ Galaxy Z Flip 6 smartphone is displayed throughout an occasion in Seoul, South Korea, July 8, 2024. Photograph EPA-EFE alt=Samsung Electronics’ Galaxy Z Flip 6 smartphone is displayed throughout an occasion in Seoul, South Korea on July 8, 2024. Photograph EPA-EFE>
That is the first-ever third-quarter decline within the section’s historical past, attributed primarily to Samsung Electronics“Comparatively disappointing efficiency” with its Galaxy Z Flip 6 and Fold 6 fashions, based on the report.
The worldwide foldable smartphone section has entered “a transitional part, the place it faces challenges because it strikes from a distinct segment to a mainstream section,” wrote Counterpoint senior analyst Jene Park , in a separate report.
“If producers critically contemplate enhancing affordability, whereas enhancing technological reliability and enhancing shopper notion, this part might be overcome.”
To draw extra customers and drive broader adoption, “revolutionary and extra compelling use instances will probably be key,” Friday’s Counterpoint report mentioned. Regardless of the slowdown, Counterpoint mentioned China’s foldable telephone section “stays a shiny spot within the nation’s saturated smartphone market.”
An commercial for Huawei Applied sciences’ Mate XT tri-fold smartphone is seen at a subway station in Shanghai. Photograph: Shutterstock alt=Huawei Applied sciences’ Mate XT tri-fold smartphone commercial is seen at a subway station in Shanghai. Photograph: Shutterstock>
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