Foldable Smartphone Market Saw Slight Q3 Dip: Counterpoint
Foldable smartphone shipments worldwide were down 1% year over year in Q3, ending six consecutive quarters of year-over-year growth, Counterpoint Research blogged Tuesday. It said the dip was due mainly to Samsung’s "relatively underwhelming performance with its new Galaxy Z6…
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series." While Samsung has 56% of the market globally, its market presence in China is small, where there's growing foldable demand, it said. Samsung also is facing increasingly strong competition in North America from Moto's Razr flip foldables and in Western Europe from Honor.