IDC: Huawei dominates the foldable market in China | Infinium-tech

IDC has revealed in its latest report that the foldable market in China continued to grow in the second quarter. The country saw a 104% year-on-year increase, with Huawei capturing the market with 41.7% of sales, almost double that of the second company, Vivo.

The research company attributes Huawei’s top spot to the Mate X5 and Pocket 2 which come with chipsets made in China and satellite connectivity. Then we have the ultra-thin X Fold3 and X Fold3 Pro with Snapdragon 8 Gen 3 which started selling just before the Q2 period began.

The April-June 2024 period saw 2.57 million foldable devices sold across all form factors. This is higher than Q2 2023 and Q1 2024, but still lower than the most successful quarter for the market – the holiday period at the end of 2023. Given the growing interest in foldable phones, we expect the third quarter to see a jump both sequentially and annually.

Huawei may be able to capture an even bigger share of the market with the upcoming launch of the Nova Flip. The new clamshell will have a slightly larger cover screen than Huawei’s other clamshells and will likely be priced lower as well.

Via (in Chinese)