Counterpoint conducted a market analysis of the Chinese foldable smartphone market and recorded steady growth in 2024. Foldables represent only 3% of all smartphones in the country, however, 27% growth is very impressive than 2023.
China is also the most competitive foldable market, as many manufacturers only sell their foldables there. Nevertheless, Huawei strengthened its first place because China had more than half of sales Huawei phones. The Huawei Mat X5 and Matt X6 are the best vendors in the book-type foldables category while the most sought after Pocket 2 and Nova Flip Clemshell-type handsets.
Interestingly, its most successful Magic is the only other manufacturer with a double-digit market share with VS2 and VS3.
Research has also found that 67% of users prefer a book-type form factor.
Analysts say that foldables are no longer specific to enthusiasts and male users. Regular consumers and women have begun to see appeals, with more durable and better cameras offering more durable and compact devices, so the continuous rapid growth of the special market in the last few years.
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