Wednesday, November 29, 2023

Samsung Becomes most Selling Foldable Smartphone’s Market in 2020

According to the Report, Samsung foldable smartphones become the most selling foldable smartphones in 2020 globally by dominating other smartphone companies.

In 2020, Samsung recorded an 87 percent share of the global foldable Smartphone market, an estimated 2.2 million units, according to DSCC (Market Tracker Display Supply Chain Consultants).

“The Z Flip is the No. 1 model with a share of nearly 50 percent, followed by the Z Fold2,” said DSCC.

DSCC predicted that Samsung will continue his domination in foldable Smartphone market. It contains 80% share and 76% sales for this year.

The global market for foldable smartphones estimated to reach 5.1 million in 2021. It shows an increase of 128% over the previous year. Revenues rose 137% year-on-year to $ 8.6 billion, reported Yonhap.

“At least three models expected, and Samsung has positioned the foldable Z-Fold line as a second flagship line. Samsung got this position by replacing the Note series,” said DSCC.

According to the DSCC, there is likely to be a sharp spike in book-type foldable devices like the Samsung Z Fold 2.They expected to account for 49% of foldable Smartphone sales this year. They compared to 39% in 2020 due to more Smartphone brands, growing up choose such a form factor.

“In fact, we expect at least 12 different foldable and foldable smart phones with at least eight brands and shipments with more than three million units on the market in the fourth quarter of 2021,” he said.

For foldable Smartphone displays, DSCC will continue to dominate the sector with an 87% market share in 2021 versus 83.5% in 2020, according to Samsung Display Co, a subsidiary of Samsung Electronics.

“Samsung Display will start selling its ultra-thin glass (UTG) folding screen to other brands in the second half of 2021. It will be resulting in a number of new products,” he said.

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