cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Global foldable smartphone market grew 64 in Q1

IANS by IANS
July 7, 2023
foldable smartphone

The global foldable smartphone market increased 64 percent (on-year) in the first quarter (Q1) this year, based on sell-in volume, to reach 2.5 million units, a report showed.
This is significant because the foldable market rose amid a 14.2 percent year-on-year decline in the overall global smartphone market during the same period, according to Counterpoint Research.
The robust growth in the global foldable market was largely driven by the growth in the Chinese foldable market.
“In China, new foldable products such as the OPPO N2 and N2 Flip had grand releases. These big launch events constantly pique the market’s interest.
Consequently, Chinese consumers have become more familiar with foldable products compared to other regions,” said research analyst Woojin Son.
OPPO ranked second in the Chinese foldable market with a slight gap with leader Huawei, helped by the N2 Flip and N2, which were released at the end of 2022.
In particular, the N2 Flip, OPPO’s foldable clamshell, contributed a lot to the increase in the sales of clamshell-type products in China, beating Huawei’s Pocket S.
Samsung made efforts to target the Chinese market by launching the W23 and W23 Flip, which are variants of the Z Fold 4 and Z Flip 4, respectively, produced mainly for the Chinese market and MEA market. This helped Samsung grow rapidly in the Chinese foldable market in Q1 2023, said the report.
“We believe that, in 2023, there will be intensifying competition among OEMs in the global foldable market due to more aggressive target market expansion, intensifying price competition and increasing sales volume of clamshell-type foldable smartphones through various product launches,” said senior analyst Jene Park.
Addressing the big question around Apple’s entry into the foldable market, Park said that Apple is still absent from short-term forecasts.
“However, since overall consumer response to foldable phones is improving and Apple will be possibly releasing non-phone foldable products soon, the brand’s participation in the foldable smartphone market is likely to occur after 2025,” Park noted.

ADVERTISEMENT
IANS

IANS

For any query, [email protected]

Related Posts

AI Enterprise
Business

Most Enterprises Still Stuck in Early AI Experimentation, HFS–LTIMindtree Report Finds

August 29, 2025
ARISE FOR YOU
Startup

ARISE FOR YOU™: HCLTech, Pearson India, and MeitY Startup Hub Unite to Empower Young Entrepreneurs in India

August 29, 2025
Vertiv
Business

Vertiv to Acquire custom rack solutions manufacturer for $200 Million, Strengthening Position in Critical Digital Infrastructure

August 28, 2025
Accenture NeuraFlash
Business

Accenture Strengthens AI Portfolio with Acquisition of NeuraFlash, Enhancing Salesforce Solutions

August 28, 2025
HPE Saudi
Business

HPE Launches New ‘Saudi Made’ Servers Powered by 5th Gen AMD EPYC Processors

August 28, 2025
IBM and AMD
Technology

IBM and AMD Join Forces to Revolutionize Computing with Quantum Technology

August 27, 2025
Capgemini Cloud4C
Business

Capgemini to Acquire Cloud4C, a well-established global managed cloud services provider

August 26, 2025
CT Scanners
News

Samsung Partners with NeuroLogica to Launch Innovative Mobile CT Scanners in India

August 26, 2025
Load More
ADVERTISEMENT

Latest Updates

AI Enterprise

Most Enterprises Still Stuck in Early AI Experimentation, HFS–LTIMindtree Report Finds

by News Desk
2 days ago

ARISE FOR YOU

ARISE FOR YOU™: HCLTech, Pearson India, and MeitY Startup Hub Unite to Empower Young Entrepreneurs in India

by Deepa Sharma
2 days ago

Vertiv

Vertiv to Acquire custom rack solutions manufacturer for $200 Million, Strengthening Position in Critical Digital Infrastructure

by Deepa Sharma
3 days ago

Accenture NeuraFlash

Accenture Strengthens AI Portfolio with Acquisition of NeuraFlash, Enhancing Salesforce Solutions

by Deepa Sharma
3 days ago

HPE Saudi

HPE Launches New ‘Saudi Made’ Servers Powered by 5th Gen AMD EPYC Processors

by Arshi Khan
3 days ago

IBM and AMD

IBM and AMD Join Forces to Revolutionize Computing with Quantum Technology

by Arshi Khan
4 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved