SEOUL: Samsung Electronics Co. solidified its top position in the global foldable smartphone market in the third quarter, industry data showed Saturday, Yonhap News Agency reported.
Samsung accounted for 64 per cent of all global shipments of foldable smartphones in the July-September period, up 8 percentage points from a year ago, according to a report from Counterpoint Research, a market tracker.
The company further widened its gap with China’s Huawei Technologies Co., whose market share remained unchanged from a year ago at 15 per cent during the cited period, the report said.
Motorola Mobility LLC. ranked third with a 7 per cent market share, followed by China’s Honor Device Co. at 4 per cent, Vivo Mobile Communications Co. at 4 per cent and Xiaomi Corp. at 2 per cent.
“Global shipments of foldable smartphones went up 14 per cent on-year and climbed to a record quarterly high, led by the popularity of Samsung’s Galaxy Z Fold 7 series,” the report said.
Foldable smartphones accounted for 2.5 per cent of all smartphone shipments made in the third quarter this year, according to the report.
Meanwhile, the market tracker expected the global foldable smartphone market to grow rapidly next year due to technical developments and increased demand for premium devices amid a potential release of foldable smartphones from Apple Inc.
Reports have said that Apple Inc. is working on a foldable phone, with its release to come as early as 2026. – BERNAMA-YONHAP
