{"id":6037,"date":"2023-07-08T09:27:48","date_gmt":"2023-07-08T03:57:48","guid":{"rendered":"https:\/\/bscrackers.com\/?p=6037"},"modified":"2023-07-08T09:27:48","modified_gmt":"2023-07-08T03:57:48","slug":"foldable-smartphone-sales-surge-globally-samsung-oppo-leading-heres-why","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=6037","title":{"rendered":"Foldable Smartphone Sales Surge Globally; Samsung, OPPO Leading: Here’s Why"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n
\n
\"Samsung's<\/figure>\n

Samsung’s next-generation Galaxy Z Fold 5 and Galaxy Z Flip 5 are expected in late July. (Photo by Pasqualino Capobianco on Unsplash)<\/p>\n<\/div>\n

\n

Global foldable smartphone market has grown 64% YoY in Q1 2023, shifting trend from overall smartphone decline; OPPO and Samsung are few of the leading brands in China.<\/h2>\n<\/div>\n<\/div>\n
\n
\n

The global foldable smartphone market increased 64 per cent (on-year) in the first quarter (Q1) this year, based on sell-in volume, to reach 2.5 million units, a report showed on Friday.<\/p>\n

This is significant because the foldable market rose amid a 14.2 per cent year-on-year decline in the overall global smartphone market during the same period, according to Counterpoint Research.<\/p>\n

The robust growth in the global foldable market was largely driven by the growth in the Chinese foldable market.<\/p>\n

\u201cIn China, new foldable products such as the OPPO N2 and N2 Flip had grand releases. These big launch events constantly pique the market\u2019s interest.<\/p>\n

Consequently, Chinese consumers have become more familiar with foldable products compared to other regions,\u201d said research analyst Woojin Son.<\/p>\n

OPPO ranked second in the Chinese foldable market with a slight gap with leader Huawei, helped by the N2 Flip and N2 which were released at the end of 2022.<\/p>\n

<\/p>\n

In particular, the N2 Flip, OPPO\u2019s clamshell-type foldable, contributed a lot to the increase in the sales of clamshell-type products in China, beating Huawei\u2019s Pocket S.<\/p>\n

Samsung made efforts to target the Chinese market by launching the W23 and W23 Flip, which are variants of the Z Fold 4 and Z Flip 4, respectively, produced mainly for the Chinese market and MEA market. This helped Samsung grow rapidly in the Chinese foldable market in Q1 2023, said the report.<\/p>\n

\u201cWe believe that, in 2023, there will be intensifying competition among OEMs in the global foldable market due to more aggressive target market expansion; intensifying price competition and increasing sales volume of clamshell-type foldable smartphones through various product launches,\u201d said senior analyst Jene Park.<\/p>\n

<\/p>\n

Addressing the big question around Apple\u2019s entry into the foldable market, Park said that Apple is still absent from short-term forecasts.<\/p>\n

\u201cHowever, since overall consumer response to foldable phones is improving and Apple will be possibly releasing non-phone foldable products soon, the brand\u2019s participation in the foldable smartphone market is likely to occur after 2025,\u201d Park noted.<\/p>\n

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS<\/a>)<\/i> <\/div>\n

\n
\n
\n
\"\"\/<\/div>\n
Shaurya Sharma<\/span><\/a><\/p>\n
Shaurya Sharma, Sub Editor at News18, reports on consumer and gaming technology. He has been helping people figure out their tech to make informed cho…Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[ad_2]
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Samsung’s next-generation Galaxy Z Fold 5 and Galaxy Z Flip 5 are expected in late July. (Photo by Pasqualino Capobianco on Unsplash) Global foldable smartphone market has grown 64% YoY in Q1 2023, shifting trend from overall smartphone decline; OPPO and Samsung are few of the leading brands in China. The global foldable smartphone … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-6037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6037"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/1830"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}