Folding screen mobile phone shipments will reach 15.9 million units in 2023: Huawei ranks second and its share will double this year

News on February 23, according to the latest report from TrendForce, the shipment volume of folding screen mobile phones last year was estimated to be 15.9 million units, a year-on-year increase of 25%.

So far, the market share of foldable screen phones in all smartphone shipments has climbed to 1.4%.

TrendForce said the low adoption rate of foldable phones is mainly due to their high price and durability issues.

Samsung foldable screen maintains the first position with a market share of 66.4%, but it has dropped by more than 17 percentage points from 2022. Samsung’s foldable screen market share is expected to drop to 60.4% in 2024.

Huawei ranked second with a market share of 11.9%, thanks to strong demand for its foldable screen phones in the Chinese market. TrendForce predicts that Huawei may occupy close to 20% of the folding screen mobile phone market in 2024.

Xiaomi’s foldable screen mobile phone shipments ranked third in the world, with a market share of 5.4%.

TrendForce predicts that shipments of foldable screen mobile phones will reach 17.7 million units in 2024, an increase of 11%. It is expected that folding screen mobile phones will reach 2% market share by 2025.

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