Huawei offered probably the most foldable smartphones within the first quarter of this 12 months (from January to March), in line with a brand new report launched by Counterpoint Analysis. This can be a fairly stunning revelation contemplating how insignificant Huawei’s gross sales have been in most components of the world for the previous few years, ever for the reason that US authorities determined to chop its entry to Google providers.
Most individuals we assume take into consideration Samsung when requested about foldables, however regardless of that, the Korean firm solely managed to hit the No.2 spot in the identical time frame. What’s extra, Samsung’s gross sales of foldables dropped by a whopping 42% in comparison with Q1 2023.
Huawei’s 257% development is clearly due in probably the most half to gross sales in China, which surged for the corporate after the introduction of the Mate X5 final 12 months. The lengthy overdue soar to 5G connectivity appears to have performed a major half in attracting Chinese language customers’ curiosity in Huawei’s foldables.
Honor was No.3 in shipments with 460% development, however probably the most spectacular development got here from Motorola, which managed to promote 1,473% extra foldables in Q1 of this 12 months in comparison with Q1 of 2023. Total, foldable system gross sales grew 49% year-on-year. Honor and Motorola’s development primarily got here from exterior China, in distinction to Huawei.
Honor’s market share is now 12% within the foldable house, up from 3% a 12 months in the past. The Honor Magic V2 grew to become probably the most shipped foldable telephone in Western Europe in Q1 2024. Motorola’s world market share in foldables is now 11% because of sturdy efficiency from the Razr collection in North America.
In Q1 2024, “book-type” foldables accounted for 55% of worldwide shipments, surpassing clamshell kind foldables for the primary time since 2021. That mentioned, issues could flip (pun supposed) again later this 12 months as soon as Samsung releases the Galaxy Z Flip6. Huawei is allegedly planning to launch a less expensive clamshell fashion foldable too, whereas Xiaomi and Honor will launch their first flips.