Foldable Smartphone Market Surges 49% in 2024, Huawei Overtakes Samsung


Samsung's sales dropped by 42%, losing its leading position in the market.

Samsung's Decline

Samsung's market share fell to 23%, while competitors gained significant ground.

Market Share Shift

Huawei experienced a 257% growth, capturing 35% of the market share.

Huawei Takes the Lead

Growth in the Chinese market and the launch of the Mate X5 - 5G contributed to Huawei's success.

Behind Huawei's Success

Honor saw a 460% increase in sales, achieving a 12% market share.

Honor's Impressive Growth

As competition intensifies, it remains to be seen how Samsung will respond to reclaim its position.

Future of Foldable Smartphones