The latest IDC report reveals that Huawei commands a dominant 48.6% share of the foldable phone market in China for Q4 2024, with Honor trailing at 20.6%. Despite Huawei's strong performance, overall shipments of foldable phones fell by nearly 10% year-on-year, marking the first decline in nine quarters. Consumers are increasingly hesitant due to high prices, limiting the market predominantly to early adopters. Although advancements have been made in design and technology, companies need to intensify their efforts to attract a broader customer base.
IDC reported that in Q4 2024, Huawei dominated the foldable phone market in China with 48.6% share, while overall foldable shipments declined by nearly 10% YoY.
The report indicates that foldable phone shipments have witnessed their first decline in nine quarters, as consumer interest in this high-priced category wanes.
Collection
[
|
...
]