2023-07-08 08:19:58
Date 7/8/2023 4:19:58 AM (MENAFN- Youm7) Global foldable smartphone shipments increased 64% year-on-year in Q1 2023 (Q1 2023) to 2.5 million units, according to According to a report by Counterpoint. According to the Indian TOI website, the numbers are very important because the foldable market rose despite a decline of 14.2% year-on-year in the total global smartphone market during the same period, and according to the report, foldable smartphone markets in almost all major regions showed strong growth. In the first quarter of 2023. What drove the global foldable smartphone market? The report attributes the strong growth in the global foldable market due to the growth in the Chinese foldable market. Although the total Chinese smartphone market declined by regarding 8% year-on-year in the first quarter of 2023, the foldable market grew, increasing by 117%. On an annual basis to 1.08 million units. Chief Analyst Jene Park said that in 2023, there will be intense product and price competition among OEMs in the global foldable market due to more aggressiveness. Launching several products. Will Apple get into the foldable smartphone fray? According to Park, Apple is still absent from the short-term outlook. However, since overall consumer response to foldable phones is improving, and Apple is likely to release non-foldable products soon, the brand’s participation in the foldable smartphone market is likely to occur following 2025. MENAFN08072023000132011024ID1106571692 Legal Disclaimer: The Middle East and North Africa Financial Services Network provides the information “as is” without any representations or warranties…whether express or implied. As this is a disclaimer of our responsibility for the privacy practices or the content of the attached sites Within our network including photos and videos. For any inquiries regarding the use and reuse of this information resource please contact the above mentioned article provider.
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