Thanks P50 Pocket
The first quarter of this year was the third best quarter for foldable smartphones, according to DSCC. It didn’t hit the holiday quarter’s all-time highs, but was up 571% overall compared to Q1 last year.
The Samsung Galaxy Z Flip3 accounted for 51% of the 2.2 million foldables shipped in the quarter, with the Galaxy Z Fold3 coming in at a respectable second place. In general, Samsung occupies about 74% of this market, but there is one nuance: At the end of last year, at the beginning of this year, the share of the occupied market was 93%.
This 20% drop is attributed to the release of the Huawei P50 Pocket. Thanks to this smartphone, Huawei’s market share has grown to 20% in the first three months of this year.
It is expected that by the end of the year the figures will reach 16 million deliveries in total. Expensive, relatively low-volume foldables won’t suffer from component shortages as much as rigid phones.