The second quarter of the year was an incredible moment for Huawei’s folding phone market, as it recorded a significant increase compared to the last quarter. The mobile brand top China folding phone market share in the quarter with 43% says International Data Corporation in its latest report on China’s folding phone market.
China Folding Phone Market in Q2 2023
Unlike the first quarter where about 2.27 million foldable phones were shipped, according to the Data firm, China’s folding phone market jumped to 173% year-on-year to reach 1.26 million units of shipments in the second quarter of 2023. This shows improvement from the 102% surge in the same period last year.
“Since the introduction of foldable phones, the niche market has maintained rapid growth and is currently the only segment that continues to show an upward trend within the smartphone market as a whole, – IDC.”
As shown in the chart data we spotted in a tweet from @UniverseIce, Huawei doubled Vivo’s market share which came second with 19.7% while OPPO maintain the third spot with 15.9%. Unfortunately, Samsung known for leading the world’s foldable smartphone with its Galaxy Fold was ranked fourth with 8.9% and Honor maintains the top five sit with 7.2%.
“With the gradual improvement of the hinge and screen-related technologies, and the continued decrease in product prices, consumers are becoming increasingly receptive to foldable smartphones, IDC added.”
Why Huawei Top China Folding Phone Market in Q2
It is no thought that Huawei was able to make the top position with the recently release Huawei Mate X3. The foldable smartphone is impeccable hardware as it comes with exciting designs and specifications. With the device, Huawei transforms the foldable market by offering a lot of storage, a fast SoC, and a convincing camera setup.
Given this Huawei is likely to continue leading the market. However, with the release of Galaxy Fold 5 and Flip 5, we anticipate that Samsung is probable to bounce back in the market in the third or last quarter of the year. Thus, stay connected with TechGenyz for more updates.
