Foldable Smartphones Shipments Beat Expectations in Q3 2023: DSCC Report

Foldable smartphones have been extra well-liked in the third quarter of 2023 than was anticipated earlier, in accordance with a brand new report. The shipments of foldable smartphones and their panels surged in the quarter because of two main causes, as per the numbers revealed in the examine – firstly, the launch of Samsung’s Galaxy Z Flip 5 and Galaxy Z Fold 5 in July this 12 months and secondly, the sheer rise in the variety of foldable smartphones launched from completely different manufacturers, particularly in China.

According to the Display Supply Chain Consultants (DSCC) report, the shipments of foldable smartphones in Q3 2023 rose 215 % Quarter-on-Quarter and 16 % Year-on-Year to 7 million models. This is 1 % above the outlook and surpasses the sooner document of 6.1 million models in Q3 2022 by 16 %. South Korean OEM Samsung led market share in the quarter with 76 %, with main calls for in European markets, as per the report.

Huawei claimed the second spot in the market share at 9 %. The firm launched the Huawei Mate X3 in March this 12 months with a Snapdragon 8+ Gen 1 SoC and a 4,800Ah battery with 66W wired and 50W wi-fi charging assist. The book-style foldable carries a 7.85-inch (2,224×2,496 pixels) OLED inside show and a 6.4-inch OLED (1,080×2,504 pixels) cowl panel.

Honor grabbed onto the third spot with an 8 % market share with its Magic V2 mannequin. This is one other book-style foldable smartphone launched in China. It is backed by a Snapdragon 8 Gen 2 SoC and a 5,000mAh battery with 66W Honor SuperCharge assist. This cellphone encompasses a 7.92-inch inside show with a decision of two,344 x 2,156 pixels, and a 6.43-inch outer display with a decision of two,376 x 1,060 pixels.

The DSCC report added that in This autumn 2023, foldable smartphone shipments are anticipated to fall 35 % QoQ and rise 47 % YoY to three.6 million. Samsung’s model share can be anticipated to take a tumble to land at 42 %, in accordance with the report.

DSCC CEO Ross Young famous that the entry of latest gamers in the foldable smartphones market with Google Pixel Fold, OnePlus Open, Tecno Phantom V Flip and Tecno Phantom V Fold has helped this rise in shipments.