Counterpoint Research today revealed that the global foldable smartphone market increased 10% YoY in Q2 2023 to reach 2.1 million units. Analysts say that the global foldable market will undergo significant changes in H2 2023, which is a good signal for Samsung’s new Galaxy Z Flip 5 and Fold 5.
Samsung launched the Galaxy Z Flip 5 and Galaxy Z Fold 5 in July 2023, which will capture a substantial market share in the second half. OnePlus Open is also coming this October, which would eat some share of the already available vendors.
During Q2 2023, the Chinese foldable smartphone market achieved notable success, surging 64% YoY to reach 1.2 million units. The country now commands the largest share of the global foldable smartphone market, with a 58.6% share.
Part of Counterpoint Research analyst statement:
“Although Samsung’s market share may dip due to increased competition, we believe that it will be a natural result. We believe that the era of the mass foldable phone is expected to start in 2024, mainly led by Samsung and Huawei with their entry-level foldables.”
Samsung Galaxy A55 with flat edge design revealed in 5K renders
Samsung will unveil several new Galaxy A series phones next year. The next year’s Galaxy devices are said to introduce a new design language, with a flat edge being the most highlighting. Well, folks over at MySmartPrice (in collaboration with Onleaks) managed to reveal Samsung Galaxy A55 design in renders.
Similar to Galaxy S24 flagships, the renders of Samsung Galaxy A55 showcase flat edge design. Notably, the device is likely to bring metal frame rather than the conventional material. In terms of dimensions, the device will roughly measure 161.1 x 77.3 / 77.9 x 8.2mm.
Check renders below:
Galaxy A55 Specs [Rumored]
6.5-inch Super AMOLED display, 120Hz refresh rate, Full HD+ resolution, Corning Gorilla Glass 5 protection
Exynos 1480 chipset, AMD GPU
Rear Cameras –
50MP primary camera, OIS, 12MP ultra-wide lens,5MP macro sensor
Front Camera –
Battery & Charging –
5,000mAh, 25W fast charging
Flagship phones to get more pricey as Samsung hikes camera sensor prices
Camera-centric flagship smartphones could be expensive as Samsung has increased the price of ISOCELL image sensors. As camera sensors are one of the most expensive parts, it could increase the price of 2024 flagships.
While companies are working hard to improve the smartphone camera experience, flagship models with cameras as their core selling point are likely to become more expensive. The main reason is that Samsung has increased the price of its components.
The smartphone industry has slowed down over the past few years, leaving manufacturers involved in component production with excess inventory. Samsung is one of the world’s largest manufacturers of CMOS sensors, which are used in its own phones and those of other brands.
As the smartphone market slowly grows, Samsung has reportedly sent notices to phone manufacturers to increase the price of its imaging sensors by 25%. The new prices may take effect in early 2024. Samsung’s increase in the price of imaging sensors will mainly affect sensors of 32 million pixels and above.
This could force smartphone manufacturers to increase the cost of high-end smartphones. Meanwhile, Samsung’s rivals in the field, Sony and OmniVision, have yet to announce price increases.
Nintendo may use Samsung OLED display on its new console
Nintendo is in talks with Samsung Display for supply of the next-generation OLED panels, following Valve’s SteamDeck. Both companies initially considered China’s BOE as a supplier but changed way to Samsung due to the burden of the risk arising from the patent infringement lawsuit.
According to the report, Japan’s Nintendo is known to have requested the supply of OLED panels from Samsung Display, following Valve. These companies negotiated with China’s BOE to lower device prices, but it is said that they chose Samsung Display panels.
In June 2022, Samsung Display filed a patent infringement lawsuit against China’s BOE in the U.S. District Court for the Eastern District of Texas. The technology that Samsung Display claims to be infringing on is five OLED display patents for all products released after the iPhone 12.
Last December, Samsung Display filed a complaint with the ITC against 17 US parts wholesalers to keep BOE in check, asking the ITC to stop using parts and panels that infringe on the company’s ‘Diamond Pixel’.
Accordingly, BOE filed a countersuit in Chongqing’s First Intermediate People’s Court in May against Samsung Display China and Samsung Elec China, claiming patent infringement.