foldable phones It has now become part of our lives. Many tech giants from around the world, from Samsung to Huawei, launch such phones every year. Of course, millions of people buy these phones.

market research agency TrendForcepublished a report on foldable phone sales. The report with data for 2023, sales increased Even though it turns out that these devices still exist could not achieve the desired popularity reveals.

In 2023, 15.9 million foldable phones were sold

According to TrendForce data in 2023 15.9 million foldable smartphones sold finished. This means turnover in 2022 25% It means it increases by . The market share of these phones is 1.4% reached the level.

Even though there has been an increase in sales, the number of people still using these devices is not high. TrendForce also predicts that growth will decline next year. Per company The reasons why foldable phones are less preferred are concerns about their durability and their high prices..

17 million sales expected in 2024

According to TrendForce, 17 million sales will be achieved this year. This represents an increase of 11% and growth will decline shows. Note that market share is expected to increase to 1.5%. It is estimated that this will rise to 2% by 2025.

Samsung is the clear leader in foldable phones

There is nothing surprising about the best-selling brands in the foldable segment. Z Fold5 and Z Flip5 will be released this year Samsung is the clear leader with a 66.4% share in position. However, it should also be noted that the company is in decline. This number has decreased by 17% compared to 2022. In 2024 this will drop to 60% Waiting.

The company behind Samsung Huawei with 11.9%. According to TrendForce forecasts, the Chinese tech giant could take the offensive and increase its share of foldable phones to 20% by 2024. Finally Huawei in 2023 Xiaomi with 5.3% Let’s add that you follow. The remaining 16.4% consists of other brands.