Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 8, according to the latest report released by TrendForce Jibang Consulting, the global smartphone market has declined for nine consecutive quarters, and only the foldable phone category continues to grow. Manufacturers have released 13 new folding screen phones in the past three months, setting a new record.

TrendForce learned from people in the supply chain that Samsung plans to push folding screen phones to the mid-market next year, further lowering price barriers and making them more widely used by consumers. The agency did not give an answer about the name and configuration of the new machine.

CTOnews.com noted that this is not the first time Samsung has "mid-ended" its flagship phone, and that the well-known Galaxy S-Series FE version is a similar product. Such products usually use the same design as flagship models, but with some hardware reductions to reduce costs and push them to the mid-market. If the news is true, Samsung's mid-range folding screen phones are expected to be presented in a similar form.

TrendForce said that with its differentiated form and innovative experience, folding screen phones may stimulate consumers to upgrade, and smartphone manufacturers have high hopes for them, leading to the frequent release of new folding screen phones. At present, folding screens are considered high-end products, and Android phone manufacturers have launched a series of new models to achieve high-end brand and establish differentiation with Apple.

Shipments of folding-screen smartphones are likely to soar to 18.3 million by 2023, up 43 per cent from a year earlier, according to TrendForce estimates. However, this accounts for only 1.6% of the total smartphone market this year. By 2024, it is expected to grow 38 per cent to 25.2 million units and its market share will rise to 2.2 per cent.

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