DSCC: Foldable Shipments Up 571% in Q1, Galaxy Z Flip3 Leads the Market with 51% Market Share
The first quarter of this year was the third-best quarter for foldable smartphones, according to DSCC. It fell short of the holiday quarter records (Q4’21), but with 2.22 million total shipments, it’s 571% higher than last year’s Q1.
Cases continue to dominate: the Samsung Galaxy Z Flip3 alone accounted for 51% of all foldables shipped. The Galaxy Z Fold3 was the second most popular foldable in the first quarter. As you can imagine, Samsung is still the market leader by a wide margin, it controlled 74% of the market, compared to Huawei.
That said, Huawei’s market share has actually increased, with the company accounting for 20% of foldable devices shipped in the first three months of this year. Almost all the credit goes to the Huawei P50 Pocket. Again, seashells are extremely popular.
DSCC reports that Samsung has set higher expectations for this year’s Galaxy Z Flip4 and Z Fold4. The latter is interesting: analysts believe it’s a sign of a more affordable price (ie, less than the $1,800 the Z Fold 3 launched for).
As for the market in general, it should double to reach 16 million shipments in total by the end of the year. Relatively small and expensive foldables won’t suffer from component shortages as much as hard phones.
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