Tuesday, September 28, 2021
Business

Samsung to lead foldable phone market this year, Apple to emerge as rival

Samsung Galaxy Z Fold 3

Last month, Samsung introduced two foldable screen smartphones namely Galaxy Z Fold 3 and Galaxy Z Flip 3. Both of these devices feature several futuristic capabilities, IPX8 rating, flagship processor and a lot more. However, the pricing of the Fold 3 and Flip 3 starts at $1,799.99 and $999.99 respectively.

Meanwhile, recent statistics show that the sales of folding screen smartphones reached a record 819,000 units in the second quarter of 2021, an increase of 147% from the previous quarter.

DSCC’s display analyst Ross Young said that additional growth is expected in the third quarter of 2021, with a staggering 480% year-on-year growth to 2.6 million units, and a 450% year-on-year growth to 3.8 million units in the fourth quarter of 2021 thanks to Samsung’s aggressive pricing strategy.

Samsung Galaxy Z Fold 3

Young believes, by 2026, the shipment of folding screen smartphones will reach 51 million due to the improvement in demand prospects. However, Samsung may not have such an undisputed ranking due to Apple’s participation.

Previously, it is said that Tianfeng International analyst Guo Mingchi said that the sales of Apple’s folding screen iPhones in 2023 may be as high as 20 million units, which far exceeds Samsung’s sales this year.

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Guo Mingchi predicts that Apple’s cross-product ecosystem and hardware advantages will make it successful, but by then, Samsung may provide more innovative folding screen products to various customers.

James Lee Taylor
James is the lead content creator on Sammy Fans and mostly works on Samsung's firmware section. His first phone was the Samsung Galaxy S4 and continue to get new S series devices. Most of the time, James tries to learn about new technologies and gadgets but he also sneaks a bit of free time to nearby rivers and nature.

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