Huawei has a strong position in Q2 2024 global foldable market: TechInsights

Huawei owns a strong position in the Q2 2024 global foldable market, as per the TechInsights report. The company has maintained its top place in the folding smartphone franchise while tech makers like Samsung and vivo continue to follow it.

TechInsights has shared its analysis of the global foldable market for Q2 2024. As per the details, the overall folding phone shipment has grown by 85% YoY globally.

Among various regions, Asia-Pacific appeared as the fastest-growing market for foldable. Huawei folding phones are performing great in these global regions for Q2 2024. The company appeared in the top three rankers for the Asian markets.

Further details reveal that the tech giant has a strong position in the book-type foldable field. Thanks to the Mate X5 and Mate X3 foldable phones that continued to be in high demand for their powerful performance and tech-pack capabilities.

In terms of vendor market share, Huawei’s progress has increased by 229% YoY while Transsion is at the top. Other vendors on the ranking list are vivo, Xiaomi, Motorola, Samsung, OPPO, and Google. (The ranking order is the same as here).

Huawei has a strong position in the Q2 2024 global foldable market: TechInsights (Image Credits: ITHome)

Following Huawei, Samsung and vivo appeared in the second and third positions respectively. The South Korean company is leading in the clamshell product. Galaxy Z Flip devices featuring AI capabilities are winning consumers’ attention.

Speaking of growth rate, Transsion has the highest score with 3150% YoY growth. Honor ranks second with 423% YoY, and Huawei is in the third spot.

Huawei Central’s Take:

The Mate developer dominates the Chinese foldable market. It’s time that the tech giant should also unveil a new folding device for global consumers. For instance, the Mate X5, the Pocket 2, the Nova Flip, or the upcoming Mate X6 folding handset.

Pocket 2 is already in the news to soon step into the global market. However, it would be worth seeing if the company launches the Mate X6 on the global surface or will keep it confined in the home ground, like the predecessor.

Huawei Mate X3 folable (Image Credits: Huawei/X)