With moves from Huawei and Samsung, foldable smartphones are set to experience a massive boom in 2024, breaking historical records. The shipments of foldable screens have increased at an incredible pace. Currently, Huawei and Samsung dominate this market, which Apple has not entered. So, who will win this race? Huawei or Samsung?
Under the leadership of Huawei and Samsung, foldable smartphones will break historical records in 2024
In the first quarter of 2024, Huawei took the lead in the foldable smartphones screen market with a 55% share. Huawei, achieving significant success with its Mate X5 and Pocket 2 models, has become a major player in this field. However, Samsung did not remain silent on this development. It is preparing to take the stage in the second quarter with the new Galaxy Z Fold6 and Galaxy Z Flip6 models. Samsung aims to break a new record in the foldable screen market with 9.25 million units.
According to analysts from Display Supply Chain Consultant (DSCC), Huawei surpassed Samsung Display in late 2023 and early 2024, becoming the leader in foldable smartphones screen production. However, Samsung plans to reclaim the lead with large orders for the new Galaxy Z models. By the end of the year, Samsung Display’s market share is expected to drop to 54%, while Huawei’s is expected to rise to 28%.
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Analysts predict that by the end of 2024, Samsung’s market share will decrease to 48%, while Huawei’s will rise to 28%. Honor is also expected to show a slight increase from 9% to 10%. The foldable smartphones market is facing record growth and competition in 2024.
The popularity of foldable smartphones is increasing every day, and tech giants are in a fierce race in this market. Who will be the leader, Huawei or Samsung? Perhaps another brand will unexpectedly come to the forefront. But one thing is certain: this competition means more choices and innovations for us users. Who do you think will be the winner of this competition? Will foldable smartphones become standard in the future? Don’t forget to share your comments with us…
