Huawei, Honor reportedly holds 70% of Chinese foldable market in Q3 2024

Huawei and Honor have unveiled their ultimate creations in the Chinese foldable market for Q3 2024. After a detailed analysis, a chip reviewer says that both tech makers have the largest market share in the Chinese folding phone franchise.

Weibo tipster @smartchipguide shared the Chinese foldable market data for Q3 2024 in which Huawei and Honor are at the top. Both companies together account for 70% of the total Chinese folding phone market share in the third quarter.

Among these two rankers, Huawei holds 44.7% of the Chinese foldable market share and sits at the top. Honor accounts for 25.6%, ranking at the second spot.

Huawei has launched some interesting foldable phones in the first half of this year. In Q1 2024, the company showcased the Pocket 2 flip-flip model with an impressive design, a quad-camera setup, and several other amazing capabilities.

The tech giant then introduced a mid-range clamshell product – the Nova Flip. It arrived as a cost-effective folding device with new UI changes, AI features, and effective camera upgrades. And let’s not forget about the world’s first tri-fold!

Mate XT triple foldable gathered the spotlight, dimming the glow of the iPhone 16 series in September (Q3 2024). Its thin battery, three screens, Z form factor, and new AI capabilities accelerated the company’s growth in the foldable sector.

Honor has also brought three foldable phones this year. The list counts the company’s first clamshell device – Magic V Flip. Hereafter, the OEM launched Magic V3 and Vs3. The Magic V3 is considered the thinnest and smartest foldable to date.

Huawei, Honor reportedly holds 70% of Chinese foldable market in Q3 2024 (Image Credits: Weibo)

Top 5 rankers

With new creations, Huawei and Honor have stolen the foldable show in China. Thus, the report could be accurate to some extent. Let’s check the other rankers.

Xiaomi follows in third position with 16.2% market share. Vivo and OPPO own 6.9% (fourth) and 2.5% (fifth) respectively. The rest of the market share is taken by other tech vendors present in the Chinese foldable phone ground. These rankings increased the overall market growth by 24% month-on-month.

Honor and Xiaomi are also in rumors for developing a tri-fold phone after the champion Huawei Mate XT. If true, these upcoming products will ultimately raise the standard of foldable phones in the Chinese consumer market.

(source)