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The Huawei smartphone suddenly dealt a strong blow to Samsung-Hi-tech Fashion

Samsung has long not only dominated the folding smartphone market with flexible screens, but also dominated almost the entire market share. However, this could be about to change.

In the first quarter of this year, things changed dramatically in terms of the foldable smartphone market share. No company can remove it Samsung at the top of the table, but the company’s market share still plummeted from about 95% to 74%. This stems from a new folding phone.

The Huawei smartphone suddenly dealt a strong blow to Samsung - 1

Quite unexpectedly, Huawei The P50 Pocket performed stellar sales, despite its hefty price tag and lack of Google services. Thanks to this product, Huawei’s folding phone market share has increased sharply to 20%. All the other companies have little to no foothold in the market for a very small market share.

If we talk more about models, Galaxy Z Flip3 is the leader with 51% market share. The second place belongs to the Galaxy Z Fold3 with a market share of about 20%, and the P50 Pocket also 20% but slightly less. This means that all three models accounted for 91% of all foldable smartphone sales. No other model has more than 2.5% market share.

The Huawei smartphone suddenly dealt a strong blow to Samsung - 3

In total, 2.22 million folding smartphones were sold worldwide last quarter, up 571% year-on-year. By the end of this year, analysts expect sales of folding smartphones to reach 16 million units, representing a growth of 107%.

According to Nhu Quynh (Vietnamese people)

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