Honor occupies more than 50% of this market
In the third quarter of this year, China’s foldable smartphone market was captured by Huawei and Honor. Moreover, it is not the cheapest model in the book form factor that dominates there.
The leaders in the foldable smartphone market in China are only Honor and Huawei
The first place in the market was taken by Honor Magic V2, followed by the very similar Huawei Mate X3 and X5. At the same time, Honor occupies more than 50% of the foldable smartphone market in China as a whole. For example, sales of that same Magic V2 have already reached 8 million units.
At the end of the second quarter, China accounted for 58.6% of all foldable smartphone sales in the world. Given this state of affairs, Samsung may lose its leadership in this market in the foreseeable future, since the company’s position in China is traditionally very weak.
