Shanghai university, Research institution in Shanghai, China

New Delhi, Aug 8 The shipment of foldable smartphones will remain in single digit in 2021 at around 9 million units a three times growth over 2020 with Samsung dominating with over 88 per cent market share.Samsung will unveil its next-generation foldable smartphones at a virtual event on August 11."Although the market for foldables is still niche, we expect 2021 shipments of Samsung foldable smartphones to grow significantly, driven by improved design and hardware, and competitive pricing," according to the report.Even with more original equipment manufacturers (OEMs) entering the foldable smartphone space, Samsung is likely to continue dominating with nearly 75 per cent market share.If Apple is on track to release its foldable smartphone by 2023, it will not only be an inflection point in taking foldables mainstream but also improve the component yield and scale for the entire supply chain."With a significant price drop, improved design, and appearance, Samsung is likely to target younger customers with the new foldable Flip smartphone. The new Galaxy Z models will get S Pen support too, which can help absorb existing Note users," said Senior Analyst Jene Park.The premium smartphone market in China will be particularly interesting for Samsung."Despite having a negligible market share, Samsung can secure Huawei's vacant spot, and its success can contribute towards total shipment and sales volumes for its new foldables," Park added.Even as Apple and Samsung dominate the premium segment of the US smartphone market, the foldables remain very expensive, even on a monthly payment plan."More affordable Samsung foldable smartphones may be attractive to some users, especially those who have previously purchased ‘plus'- or ‘ultra'-sized S-series or Note models," said senior analyst Maurice Klaehne."If the Flip model can be sold at a similar price point as the ‘ultra', we might see more adoption in the future," he added.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Shanghai UniversityFOLLOW

Shanghai university, Latest News

Alibaba, a well-known e-commerce company in China, has suspended its employee. The action was taken after a female employee ... ...

Four people were killed and seven others injured after the top floor of an office building in Harbin City, capital of northeast China's Heilongjiang Province, collapsed on Sunday afternoon, local authorities said Monday. ...

Beijing, Aug 9 The herd of 14 wandering wild Asian elephants in China's Yunnan province is approaching their ... ...

Seoul, Aug 9 Hyundai Motor said on Monday it has resumed production at one of its seven domestic ... ...

Vientiane, Aug 9 The fifth batch of China-donated Sinopharm Covid-19 vaccine carried by the Chinese YTO Airlines cargo ... ...

The Chinese companies have been using a loophole for decades to raise money from foreign investors by using a structure called variable interest entity, or VIE. ...

More than 100,000 people have been affected by floods in southwest China's Sichuan Province following torrential rains, local media reported. ...

New Delhi, Aug 8 The shipment of foldable smartphones will remain in single digit in 2021 at around ... ...