Samsung Leads Global Foldable Smartphone Market Share in the First Half of 2022

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Cindy Mutia Annur 11/08/2022 16:30 WIB

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A report from research firm Counterpoint shows that Samsung led the global foldable smartphone market share in the first half of 2022.

Global Foldable Smartphone Market Share (First Half of 2022)

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Global Foldable Smartphone Market Share (First Half of 2022)

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A Counterpoint Research report shows that Samsung led the global foldable smartphone market share in the first half of 2022. The South Korean company's foldable smartphone market share reached 62%.

“Samsung has led the (foldable smartphone) market since the beginning. We think its dominance will continue for some time,” said Counterpoint Senior Analyst Jene Park, as quoted from a press release on Wednesday (August 10, 2022).

Meanwhile, Jene continued, several other brands, such as Huawei, Oppo, Xiaomi, and vivo, have only recently introduced foldable devices, mostly limited to the Chinese market.

Jene hopes that the newly released Galaxy Fold 4 and Flip 4 will continue Samsung's momentum. This would allow Samsung to sell more foldable smartphones and push its global market share to 80%.

Huawei ranked second in global foldable smartphone market share, reaching 16%. Oppo's foldable smartphone market share was 3%. The remaining 18% of the foldable smartphone market share comes from other manufacturers.

The Counterpoint report predicts that global foldable smartphone shipments will grow by 73% by the end of this year to 16 million units. In 2021, total global foldable smartphone shipments reached 9 million units.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."