While Samsung has consistently dominated the global foldable smartphone market, which is gaining popularity among tech-savvy consumers, in China Honor was the leader in Q3 2023 with a 50% share, closely followed by Huawei.
According to the latest data from Counterpoint cited by Gizmochina, the best-selling “large foldable” smartphone was one of the latest foldable phones, the Honor Magic V2, which sold 8 million units.
In second and third place, respectively, are Huawei Mate X3 and Huawei Mate X5. Market experts admit that Huawei may displace Honor in the near future. Analysts view leadership turnover as a natural and common occurrence in a competitive market.
The share of Chinese manufacturers in the global foldable smartphone market is 58.6%. Global sales are also growing, with the market up 10% year-on-year in the second quarter of 2023.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
