The foldable smartphone market is forecast by DSCC to set a record this current quarter with 6.9 million units forecast to be shipped.
The market seems to be the one bright spot in the smartphone industry this year. According to DSCC (Display Supply Chain Consultants), during the second quarter of this year, global foldable shipments rose a stunning 42% year-over-year and 16% over the first quarter of 2023 to reach 2.2 million units. Samsung was the top manufacturer of foldable phones during the second quarter having edged out Huawei in market share by a slight margin of 32% to 30%.Huawei actually had the first and third top foldable models based on shipments. The Mate X3 was the most delivered phone from April through June while the clamshell Pocket S was third. Samsung had the second and fourth most shipped foldables in the second quarter in the Galaxy Z Flip 4 and Galaxy Z Fold 4 respectively.
