New Delhi: The brand new Galaxy Fold 4 and Flip 4 foldable smartphone might even see gross sales near 9 million models this 12 months, serving to Samsung’s foldables market share to leap to 80 per cent on the finish of 2022, a brand new report has stated. In the course of the first half of this 12 months, Samsung loved dominant market share of foldables, accounting for 62 per cent of the market. Huawei and OPPO got here in a distant second and third. Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 Launched; First Sale on August 26, 2022.
Foldables proceed to be the quickest rising smartphone product class this 12 months and Samsung continues to steer the class it created with the primary Galaxy Fold gadget, stated Counterpoint Analysis. The foldables are anticipated to develop to 26 million models in 2023, the report talked about.
“The strong growth defies current economic headwinds as the premium market shows resilience and steady demand. Counterpoint forecasts strong growth through next year too,” stated senior analyst Jene Park.
The worldwide foldable smartphone market is about to develop 73 per cent this 12 months, from 9 million models final 12 months to 16 million models.
“Samsung has led the market since the beginning, and we think its dominance will continue for some time. Huawei, OPPO, Xiaomi and vivo are all introducing new foldables but they are mostly limited to the Chinese market,” stated Park. (*4*) stated Park. “Framing the growth in foldables, we see the premium market showing strong growth despite macro headwinds, with ultra-premium leading the segment,” stated Park.
Motorola will be the solely contender in markets just like the US for now. This is rising in significance with smartphone use circumstances increasing, particularly throughout media, leisure and work.
(The above story first appeared on OKEEDA on Aug 12, 2022 01:00 PM IST. For extra information and updates on politics, world, sports activities, leisure and life-style, go surfing to our website latestly.com).
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