According to DSCC data, the first quarter of this year was the third best quarter in the history of foldable smart phones. Although it did not reach the record high of the holiday quarter (the fourth quarter of 2021), the total shipment was 2.22 million units, an increase of 571% compared with the first quarter of last year.
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Flip phones continue to dominate - Samsung Galaxy Z flip3 alone accounts for 51% of all folding phone shipments. The galaxy Z fold3 was the second most popular folding phone in Q1.
It is conceivable that Samsung is still the market leader with great advantages. It controls 74% of the market, followed by Huawei. Huawei's market share is actually rising. In the first three months of this year, the company accounted for 20% of the shipments of folding mobile phones. Almost all the credit goes to Huawei P50 pocket. As I said before, flip flop phones are very popular.
DSCC reports that Samsung has set higher expectations for the galaxy Z flip4 and Z fold4 this year. Analysts believe that this is a signal that the price of new products is expected to be more affordable (that is, lower than the $1800 when Z fold3 was launched).
According to the analysis of the overall market situation, it is expected that the total shipment of folding digital devices will double to 16million by the end of this year. On the other hand, the high price and relatively low production of foldable mobile phones will not be affected by the shortage of parts like rigid mobile phones.
