According to a report by Counterpoint Research, while the global smartphone market faced a decline in shipments, the foldable smartphone market showed a growth of 10% YoY in the second quarter of 2023. The report suggests that the foldable smartphone sector is expected to sustain this growth, driven by the introduction of products tailored for the Chinese market and strong demand from Chinese consumers.
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How price may drive the foldable smartphone segment in 2024
According to a report by Counterpoint Research, while the global smartphone market faced a decline in shipments, the foldable smartphone market showed a growth of 10% YoY in the second quarter of 2023. The report suggests that the foldable smartphone sector is expected to sustain this growth, driven by the introduction of products tailored for the Chinese market and strong demand from Chinese consumers.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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