The foldable smartphone market has fallen for the second quarter in a row.

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But Samsung is still the leader

Sales of foldable smartphones fall for the second quarter in a row. According to Ross Young, founder of research companies Display Supply Chain Consultants and DisplaySearch, in the first quarter of 2023, sales of such devices amounted to 2.1 million units. 

Samsung's
Samsung’s

Sales a year earlier were almost at the same level, but still slightly higher, with sales in the fourth quarter of 2022 exceeding 3 million. So far, the best quarter was the third last year, when more than 6 million foldable smartphones were sold. 

The foldable smartphone market has fallen for the second quarter in a row.

Samsung's
Samsung’s

Samsung remains the market leader, but the company has lost market share a lot due to the emergence of an increasing number of alternatives. Just over a year ago, Samsung’s share was approaching 100%, and now the company occupies only 45% of the market. 

The second place is shared by Oppo and Huawei, the rest of the companies are still hardly noticeable in the market in terms of sales volumes. 

Samsung's
Samsung’s

The top-selling foldable smartphone last quarter was the Galaxy Z Flip5, which accounted for 27% of all sales. Next came Huawei Pocket S with a 15% share, Galaxy Z Fold4 with a 13% share, Oppo Find N2 Flip with a 11% share, and Huawei Mate X3 had a 6% share.  

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