The leader of the foldable phone industry has been announced, Samsung is clearly ahead

Market research company IDC announced the latest data on the foldable smartphone market for the third quarter of 2024. According to these data, despite the strong competition in the industry, Samsung remains the leader in the foldable phone market by far.
SamsungIt is the brand with the largest share in this field, with 51.2 percent of the market in the third quarter of 2024.

The foldable phone segment has become a market that has grown rapidly in recent years and attracted the attention of more and more brands. However Samsunghas managed to consolidate its leadership in the sector by being one of the first brands to step into this new technology. The company’s success in this field attracted great attention, especially with the Galaxy Z series. Galaxy Z Fold and Galaxy Z Flip models attract the attention of users with their innovative designs and powerful hardware features. SamsungThis high market share of ‘s foldable phone segment is considered as the fruit of the brand’s investments in technology and strategic product development processes.

The leader of the foldable phone industry has been announced, Samsung is clearly ahead

SamsungThe brands that follow are the other big players in the market. Lenovoranked second with a market share of 15.1 percent, Huawei 13.2 percent and Honor It ranks third and fourth, respectively, with 7.6 percent. Chinese tech giant
Xiaomi It ranks fifth with a market share of 6.3 percent. This ranking shows that Samsung still has a strong dominance in the foldable phone market and other brands need to compete more in this market.

Foldable phones offer an attractive option, especially for users looking for the balance between portability and screen size. Brands aim to increase their market shares by offering their devices in this segment at more affordable prices. However, Samsung continues to stand out in the competition with its foldable screen technology and innovations in this field.

IDC’s data shows that the foldable phone market will grow further in the future and brands will create more diversity by increasing their strategies in this field. But for now,
SamsungIt is a matter of curiosity how long it will maintain its leadership in this market.