Especially under the leadership of Samsung, the foldable smartphone concept has become widespread among consumers. Different Chinese brands such as Huawei and Xiaomi are also involved in the race. Sales are also increasing impressively.
Foldable smartphone sales
According to the market research by Canalys, foldable smartphones sold 8.9 million units in 2021, increasing 14 percent. In 2024, it will reach 30 million sales figures and will achieve an annual increase of 53 percent.
While the average price in 2019 was around $2000 It will decrease to the level of $1000 in 2024. This halving rate will contribute to the spread of foldable phones.
On the other hand, while the standard smartphone segment grew by 7% in 2021, the premium phone segment grew by 18%. In this regard, manufacturers will focus on foldable phones and take action against Apple, which has grown by 68 percent in the same period.
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