The number of foldable phones is increasing day by day. Foldable devices, which were considered unnecessary by many people when they were first released, are now becoming a logical choice for everyone.
Especially the fact that Samsung releases foldable phones every year keeps the market alive. The devices, which made a lot of progress compared to when they were first introduced, started to reach high sales figures. According to a newly published report, foldable device sales will double by 2024.
Foldable phone sales to double by 2024!
According to the latest report by Canalys, there will be a big boom in sales of foldable phones in the coming years. Foldable devices, which were introduced a few years ago, are expected to reach 30 million annual sales by 2024. This shows that there will be a 53 percent increase between 2021 and 2024.
Looking at the data in 2021, we see that 8.9 million foldable phones were sold. According to the data, there was an annual growth of 148% compared to 2020. Considering that regular smartphone sales are growing at only 7 percent year-on-year, this rate is really impressive.
Another important aspect of foldable devices is their price. Unfortunately, due to the high production cost of the devices, the prices are twice as high as normal devices. According to the published report, foldable phone prices in 2024 will be around $ 1,000 on average.
The biggest reason for the increase in foldable devices is the decline in Android premium device sales. According to 2019 data, Android premium phone sales fell 18 percent. On the Apple side, there was an increase of 68 percent. This situation prompted Android manufacturers to go beyond normal products and produce foldable phones.
Thanks to this, the number of foldable devices has gradually increased. Almost all brands have foldable phones on the market right now. So, what are your thoughts? Do you think foldable phones will become more common? Do not forget to share your views with us in the comments section and on the SDN Forum.
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