Samsung leads the foldable phone market but its competitors including Huawei registers growth in Q3 2023

Data released by TechInsights shows that Samsung is leading the global foldable smartphone market in Q3 2023. Despite Samsung operating the largest market share, other companies are leading the market trend with a super-high growth rate.

In terms of yearly increment, Motorola tops the list with 1377% YoY, Honor with 314%, and Vivo with 92% YoY growth. Fourth comes Oppo with 51% YoY and Huawei comes fifth with 12% growth.

Meanwhile, Samsung and Xiaomi declined by 3.5% and 37% respectively in the foldable phone market for the third quarter of this year according to TechInsights.

Among these, Samsung, Huawei, Honor, Vivo, and Oppo are the top five in the horizontal foldable phones. For flip-style devices, Huawei, Samsung, and Motorola are the top three competitors with most shipments.

This growth by all phone makers led to a shipment increment of 10% year-on-year for the entire foldable phone market.