Foldable Phones Aren’t as Popular as It Seems-but There Is Still Hope

October 06, 2022 By Monica Green

(Image Credit Google)

IDC (International Data Corporation) predicts that shipments of foldable smartphones will reach 41.5 million by 2026, giving the market hope that new form factors will catch on with customers and companies. Consequently, according to the most recent data from IDC, shipments will probably rise by 2/3 to 13.5 million in 2022 before increasing at 38.7% per year for the next four years. Furthermore, many manufacturers have turned to foldable smartphones to offer fresh experiences for customers who might not want to upgrade to another "slate" gadget that has become the industry standard. Foldable Phones Aren’t as Popular as It Seems-but There Is Still Hope

Foldable phones

Since these products often fall under the premium category, suppliers should expect higher profit margins. Moreover, the most renowned supporter of foldable phones is Samsung, which has released multiple iterations of its Galaxy Z Flip and Fold gadgets. Additionally, the company introduced Flip 4 and Fold 4, the latest models of these phones, in August 2022, receiving favorable reviews and a big marketing push. Most importantly, Huawei and Oppo have also dabbled with this market, although they have only really focused on China. In addition, Oppo stated requiring increased assistance from app developers for a wider rollout. Foldable Phones Aren’t as Popular as It Seems-but There Is Still Hope

What's more

IDC predicts that Samsung's most recent products would perform better than their predecessors and raise consumer awareness. It also thinks that businesses will be interested in two-in-one gadgets that can take the role of smartphones and tablets. According to Anthony Scarsella, research manager for IDC's Worldwide Quarterly Mobile Phone Tracker, "the recent debut of the Galaxy Z Flip 4 and Fold 4 will once again cast a spotlight on the whole category as Samsung continues to be the gold standard for foldable devices in the market." "The new launches from Samsung have brought incremental but critical improvements over their predecessors. The success of these devices should be a strong indicator of how foldable smartphones will evolve and capture consumers moving forward. While the price remains a pain point for consumers, customers may accept the $999 starting price given that most consumer goods have seen price increases due to inflation in 2022."

By Monica Green

I am specialised in latest tech and tech discoveries.

Foldable Phones Aren’t as Popular as It Seems-but There Is Still Hope

Foldable phones

What's more

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