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China’s Foldable Smartphone Shipments Slow in 2024 Amid Global Demand Dip


Photo by FMT
Photo by FMT

Summary


  • China's foldable smartphone shipments are expected to reach 9.1 million units in 2024, growing just 2% from the previous year.

  • This marks a significant slowdown compared to the explosive growth rates seen in previous years (e.g., 103% in 2023, 191% in 2022).

  • The global foldable smartphone market has experienced a 1% decline in shipments, largely due to underperformance by Samsung.


 

In 2024, China's foldable smartphone shipments are expected to show only modest growth, as the market experiences a slowdown following several years of explosive expansion. According to Counterpoint Research, shipments of foldable handsets in China are predicted to reach 9.1 million units this year, a 2% increase from 2023. This marks a significant contrast to the triple-digit growth rates seen in previous years, such as 103% in 2023, 191% in 2022, and an astonishing 442% in 2020.

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