Huawei, 48.6 percent While owning the biggest slice of the cake with Honorranks second with 20.6 percent market share, Vivo took third place with 11.1 percent. Especially Vivo‘s X Fold 3 series played an important role in the company achieving this success. Xiaomi ranked fourth, reaching a market share of 7.4 percent.
In 2024, foldable phone shipments in China reached 9.17 million units, an increase of 30.8 percent. However, there was a 9.6 percent decrease in shipments in the last quarter of the year, and total shipments remained at 2.5 million units. This was recorded as the first decline after nine consecutive quarters of rapid growth.
Although improvements in the design, durability and battery life of foldable phones increase the appeal of these devices, problems such as high prices and still limited durability make it difficult for this technology to be adopted by wider audiences. However, 2024 was a year when the Chinese smartphone market started to recover after a two-year decline. Shipments reached 286 million units, an annual increase of 5.6 percent.
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