China’s foldable smartphone market grew almost 50%

China’s foldable smartphone market grew 48% year-over-year in Q1 2024, outpacing the overall smartphone market’s 2% growth. Book-type foldable shipments surged 91% YoY, while clamshell-type shipments dipped 1%. This shift is driven by consumer preference for the multitasking capabilities and large screens of book-type foldables. Huawei led sales in both categories, boosted by the introduction of 5G-enabled foldables like the Mate X5 and Pocket 2. Recent launches, such as the HONOR Magic Vs2, highlight advancements in lightweight design and software optimization. Despite a cautious approach to new launches, the foldable market is expected to continue its robust growth.

Read more – https://www.counterpointresearch.com/insights/chinas-foldables-sell-through-up-50-in-q1-2024-as-book-type-sales-nearly-double/

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