Foldable Smartphone Market Dips in Q3 2024 as Huawei Gains on Samsung

Global shipments of foldable smartphones declined by 1% in Q3 2024, marking the first slump in this market segment. Despite high customer satisfaction with book-type foldables, the high prices remain a significant barrier to mainstream adoption. Samsung, while still leading with 56% of global shipments, saw a 21% drop compared to the previous year, partly due to underwhelming new releases. Huawei and Xiaomi gained market share, but the overall market faces challenges transitioning from niche to mainstream.