Huawei “took a bite” Samsung has 20 percent of the foldable smartphone market

The first quarter of this year was the third best quarter for foldable smartphones, according to DSCC. He didn't reach

record holiday quarter numbers, but overall grew 571% compared to Q1 last year. Discuss

Samsung Galaxy Z Flip3 accounts for 51% of 2.2million foldable devices shipped during the quarter, with the Galaxy Z Fold3 taking a respectable second place. In general, Samsung occupies about 74% of this market, but there is one nuance: At the end of last year, the beginning of this year, the market share was 93%. This 20 percent drop is associated with the release of Huawei P50 Pocket. Thanks to this smartphone, Huawei's market share increased to 20% in the first three months of this year.

It is expected that by the end of the year the indicators will reach16 million shipments in total. Expensive, relatively low-volume foldables won't suffer from component shortages as much as rigid phones.

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