Galaxy Z Fold 4 L: In the past few years, the smartphone market has grown very quickly, thanks to new technologies and designs that have caught the attention of people all over the world. One of the most talked-about new technologies is the foldable smartphone, whose sales have grown steadily over the past year. But a recent report from Display Supply Chain Consultants (DSCC) shows that sales will go down in the fourth quarter of 2022.
The report says that from October to December 2022, 3.1 million foldable smartphones were shipped, which is 48% less than the previous quarter and 26% less than the same quarter in 2021. Even with this setback, the number of foldable phones shipped all year rose by a very impressive 62%, to 12.9 million units.
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Galaxy Z Fold 4: With an 83% market share in 2022, Samsung still led the market for foldable phones. This was a small drop from the 86% the company had in the third quarter and a big drop from the 96% it had in the fourth quarter of 2021. The drop was caused by a 50% drop in the number of Galaxy Z Fold 4 and Galaxy Z Flip 4 phones that were shipped. These phones came out in the previous quarter.
The report also said that in the fourth quarter of 2022, Apple’s new iPhone 14 series outsold Samsung’s foldable phones. Huawei and Oppo followed Samsung in the global market for foldable phones, but the Galaxy Z Flip was the best-selling foldable phone, with 47% of the global market.
DSCC predicts that shipments of foldable phones will stay slow during the current quarter, with a 3% drop in shipments compared to the same time last year. But this trend is likely to change in the second quarter of 2023, when Samsung and Vivo will release new foldable phones. Oppo and Vivo will also release clamshell phones in more markets and at lower prices later this year. DSCC thinks that by 2023, more than 17 million foldables will have been shipped around the world.
Galaxy Z Fold 4
Samsung Display is still the top supplier of displays for foldable phones. In the fourth quarter of 2022, 81% of foldable phone displays came from Samsung Display, while 17% came from the Chinese company BOE. Even so, DSCC predicts that Samsung will keep or grow its share of foldable display shipments in 2023, with an expected growth of over 20 million units in the coming year.
Even though sales of foldable phones went down in the fourth quarter of 2022, the market is expected to bounce back in the next few months as major phone makers release new models. The market for foldable phones is still exciting and changing quickly, which will keep consumers interested for years to come.