Foldable smartphone sales break record in Q3, Samsung to lose significant share in Q4

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Foldable smartphone sales break record in Q3, Samsung to lose significant share in Q4

December 07, 2023, 07:48 AM

According to DSCC, foldable smartphones have had a record breaking quarter, in terms of sales, in the third quarter of this year (July to September), fueled by Samsung's launch of the Galaxy Z Fold5 and Z Flip5. The increased competition from China also played a significant part.

Sales of foldables jumped 215% compared to Q2 2023 and 16% compared to Q3 2022 to 7 million units, eclipsing the previous peak of 6.1 million which was reached in the year-ago quarter.

Samsung's market share was 72%, dominating but down from 86% last year. Next up, perhaps surprisingly, was Huawei with 9%,...

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