The latest IDC report indicated that the worldwide shipments of foldable smartphones, including flip and fold form factors, to reach 13.5 million units in 2022 from over 8.1 million units shipped in 2021.
IDC today said foldable smartphone shipments will reach 41.5 million units in 2026, with a compound annual growth rate (CAGR) of 38.7 percent from 2022 to 2026. The healthy growth of the foldable market has been led by Samsung with its Galaxy Z Flip 4 and Fold 4 lineup.
The launch of the Galaxy Z Flip 4 and Fold 4 will once again shine a spotlight on the entire category as Samsung continues to be the gold standard for foldable devices in the market, said Anthony Scarsella, research manager with IDC’s Worldwide Quarterly Mobile Phone Tracker.
“The price remains a pain point for consumers. The $999 starting price may be accepted by consumers given that most consumer goods have seen price increases due to inflation in 2022,” said Nabila Popal, research director with IDC’s Worldwide Quarterly Mobile Phone Tracker.