When foldable smartphones first entered the industry, question marks arose. These devices, which had a hinged structure, were criticized for being easily breakable. One of the important handicaps of foldable phones was the price issue. It was not well received that it came out at hard-to-buy prices compared to regular smartphones.
The report published by Display Supply Chain Consultants revealed that consumers have thrown this thought out of their minds over time. In the third quarter of 2021, the market share of foldable smartphones increased by 215 percent quarter-on-quarter and 480 percent year-over-year, according to the news of DSCC’s Ross Young.
Most popular foldable phone: Samsung Galaxy Z Flip 3
According to the foldable smartphone shipment report covering the third quarter of 2021, the most popular device turned out to be the Samsung Galaxy Z Flip 3. This product, which has a 60 percent market share, was followed by the Galaxy Z Fold 3 with a 23 percent market share. The Samsung Galaxy Z Flip 5G model, introduced last year, became the third best-selling foldable phone with a 7% market share.
DSCC’s foldable smartphone shipment report
Huawei Mate X2 and X2 4G followed with 2 percent market share; The Samsung Galaxy Z Fold 2 is also in the sixth place of the list. In light of these data, DSCC determined that the South Korean company dominated 93 percent of the foldable smartphone market in the third quarter of 2021. Thus, Samsung revealed that it dominates the market by a wide margin.
The increase in foldable smartphone shipments is expected to continue. According to DSCC data for the fourth quarter of 2021, shipments will increase 47% quarter-on-quarter and more than 450% year-over-year to 3.8 million units.
It is said that Samsung will increase its market share to 95 percent in the fourth quarter; The Z Flip 3 is estimated to remain at 58 percent. It is also shared that the Z Fold 3 that comes after it will increase to 36 percent and the Mate X2 4G will reach 4 percent.
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