Huawei grabs half of China’s foldable smartphone market share

Huawei is preparing to launch Mate X3 and the last quarter result reveals that the company is leading this foldable smartphone market acquiring almost half of the overall share.

According to IDC, Huawei remained the largest foldable smartphone seller in China with a market share of 47.4% in the fourth quarter of 2022, which is half of the entire country.

Data compiled by the market tracker shows that China’s shipments of foldable display mobile exceeded 1.1 million units, a new high, and the annual shipments were nearly 3.3 million units, a year-on-year increase of 118%.

Despite Huawei not featuring a 5G network, customers continue to select Huawei smartphones. For the time being, Huawei Mate Xs 2 is the only smartphone to come bring satellite communication features.

Last year, Huawei unveiled low priced Pocket S flip style device, the phone is compact and portable after folding. It is an exquisite device, with richer and fresher Color matching is more popular with young people peoples.

Currently, Huawei is the only company in the industry that has three foldable mechanisms: Inward, outward, and vertical foldable. As of now, the Chinese tech maker has launched six generations of folding-screen smartphones.

More on this, Samsung ranks second with 16.5% of the market share. OPPO takes 13.8% of the market share for the third place. Vivo is fourth, with a market share of 7.7%, Honor and Xiaomi are ranked fifth and sixth respectively, with similar shares.

(via – Sina Tech)