Samsung continues to dominate the foldable smartphone section even after its market share fell to 74 p.c in Q1 2022, in response to a latest report from Show Provide Chain Consultants (DSCC). The Samsung Galaxy Z Flip 3 led the marketplace for the third consecutive quarter with a 51 p.c share. In the meantime, the Samsung Galaxy Z Fold 3 retained the second place for the third consecutive quarter, whereas the Huawei P50 Pocket took the third spot. These three smartphones accounted for 91 p.c of the market share. No different smartphone model had greater than a 2.5 p.c share.
In keeping with a report from DSCC, Samsung has continued to dominate the foldable smartphone class even after its market share fell to 74 p.c in Q1 2022. Huawei’s cargo share rose to twenty p.c; however no different model was in a position to cross the two p.c market share.
Clamshell fashions, together with the Samsung Galaxy Z Flip 3 and Huawei P50 Pocket accounted for 70 p.c of market share. The Galaxy Z Flip 3 led the marketplace for the third consecutive quarter with a 51 p.c share, whereas the Samsung Galaxy Z Fold 3 took the second place after being almost overtaken by Huawei P50 Pocket. These three smartphone fashions accounted for a 91 p.c market share within the class. No different smartphone manufacturers have been unable to cross the two.5 p.c market share.
The foldable smartphone shipments grew by a whopping 571 p.c year-over-year in first quarter of 2022 to 2.22 million. The report says that that is the third greatest quarter until date for the class. Nonetheless, the class noticed itself shrinking by 47 p.c quarter-over-quarter from the file excessive of 4.2 million smartphones shipped in This fall 2021.
Trying forward, Ross Younger, writer of the report and co-founder, CEO of DSCC, stated, “We anticipate a 107 p.c improve in foldable smartphone shipments to over 16 million items with 102 p.c improve in foldable smartphone panel shipments to over 20 million “
Speaking about Samsung’s upcoming smartphones, Younger added, “Driving the expansion will probably be Samsung’s bold plans for its upcoming Z Flip 4 and Z Fold 4 launch in addition to contributions from new fashions in 2H’22 (second half of 2022) from three different manufacturers “
He additionally stated that one of many fascinating developments to be careful for this 12 months will probably be how the Samsung Galaxy Z Fold 4 will carry out. DSCC believes that Samsung has lately elevated its expectations for the smartphone. Younger additional stated that Samsung is anticipating sooner progress for the Galaxy Z Fold 4 compared to the Galaxy Z Flip 4 that seemingly signifies in the direction of a decrease launch worth than final 12 months’s $1,799 (roughly Rs. 1,40,000).