A new report from Display Supply Chain Consultants sheds some light on the state of the foldable market in recent quarters, as well as what to expect in the coming year.
The foldable market shipped more than 6 million units in the third quarter of the year. The top two spots in the foldable market were occupied by the new foldable phones from SAMSUNG, the GALAXY Z flip 4 and the GALAXY Z fold 4.
The foldable market is expected to see a 50% drop in shipments compared to Q3 and a 25% drop compared to Q4 2020. This is the first year-over-year decline in the foldable space and is thought to have been caused by the introduction of the iPhone 14.
According to Ross Young, CEO of Display Supply Chain Consultants, foldables will be introduced in 2023 and shipments will reach as much as 17 million.
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The foldable market slowed down in Q4'22 due to the weak global economy, but it is still a bright spot for the smartphone and display markets reaching new highs.
Six different smartphone brands are expected to have at least a 3% share and we see 10 brands shipping foldable devices in 2023, including a new entrant from China.
The Find N2 from OPPO is one of the notable entrants, along with the oft-rumoredPixel foldable. The foldable market share of the company is expected to go down in the next couple of years. The fourth most popular foldable is the Find N2 flip. The Find N2 flip will likely come at a lower price than the larger version. The best foldable phone of the future will likely be the one with a compact, stylish design and a more affordable price.
As for the foldable phone, rumors point to a launch around the year's I/O, which could take some of the shine off of the device.
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