China's Foldable Phone Market Remains Hot, Huawei Continues to Lead, Tri-Foldable Phones Are Poised to Take Off

China's Foldable Phone Market Remains Hot, Huawei Continues to Lead, Tri-Foldable Phones Are Poised to Take OffRecently, CINNOResearch, a well-known market research firm, released its research report on China's foldable phone market in the second quarter of 2024. The data shows that China's foldable phone shipments reached 2

China's Foldable Phone Market Remains Hot, Huawei Continues to Lead, Tri-Foldable Phones Are Poised to Take Off

Recently, CINNOResearch, a well-known market research firm, released its research report on China's foldable phone market in the second quarter of 2024. The data shows that China's foldable phone shipments reached 2.62 million units in the second quarter, a year-on-year increase of 125% and a month-on-month increase of 11%, marking the fourth consecutive quarter of triple-digit year-on-year growth. Overall, in the first half of 2024, China's foldable phone sales reached 4.98 million units, a year-on-year increase of 121%, with a penetration rate of 3.6%, an increase of 1.8 percentage points compared to the 1.7% penetration rate in the same period last year. The market share in the high-end market above 5,000 yuan is 13%, an increase of 11 percentage points compared to 2% four years ago.

In terms of specific manufacturers, the top six manufacturers in terms of foldable phone shipments in China in the second quarter of 2024 are Huawei, vivo, OPPO, Honor, Samsung, and Xiaomi, with market shares of 35.2%, 31.2%, 11.1%, 10.4%, 5.7%, and 2.8% respectively. Among them, Huawei, with its strong technical capabilities and brand influence, firmly holds the top spot in the market, with a market share of 35.2%, surpassing other manufacturers.

It is worth noting that some media outlets have revealed that Huawei is conducting internal training for its next generation tri-foldable phone, codenamed "Iceland," which is expected to be released in the second half of this year or early next year. This tri-foldable phone will adopt a new design and technology, and will be equipped with Huawei's latest Kirin chip, which is expected to become a new benchmark in the foldable phone market.

With the upcoming launch of Huawei's tri-foldable phone, its market influence is expected to reach new heights. On the one hand, this tri-foldable phone features a larger screen size and more powerful performance, meeting users' demand for large-screen experience and high performance. On the other hand, Huawei has unique advantages in software ecosystem and services, providing users with more comprehensive experience.

Moreover, other manufacturers are also actively deploying in the foldable phone market. vivo, OPPO, Honor, and other manufacturers have launched new foldable phones, continuously improving product performance and design, aiming to secure a place in the market competition. Samsung, as a pioneer in the foldable phone field, is also continuously optimizing its product lines and actively promoting the popularization of foldable phones.

In conclusion, China's foldable phone market is in a rapid development stage. With technological advancements and consumer acceptance, foldable phones will become an important direction for the future smartphone market. It is expected that in the coming years, the foldable phone market will continue to maintain rapid growth and gradually become one of the mainstream phone forms.

In terms of market share, Huawei, vivo, OPPO, and other manufacturers have a dominant position in the foldable phone market. Huawei, with its strong technical capabilities and brand influence, holds an advantage in market competition. Other manufacturers are also actively deploying in the foldable phone market, constantly improving product competitiveness.

It is worth mentioning that the emergence of tri-foldable phones has injected new vitality into the foldable phone market. The upcoming launch of Huawei's tri-foldable phone will further drive the development of the foldable phone market.

In conclusion, China's foldable phone market has broad prospects and will continue to maintain rapid growth in the future. Various manufacturers will engage in fierce competition in terms of technological innovation, product design, and software ecosystem, bringing more choices to users.