Promising Prospects for China's Foldable Smartphone Market: IDC Predicts Shipments to Exceed 10 Million Units in 2024
Promising Prospects for China's Foldable Smartphone Market: IDC Predicts Shipments to Exceed 10 Million Units in 2024According to the latest quarterly mobile phone forecast report released by International Data Corporation (IDC), China's foldable smartphone market is expected to ship approximately 10.68 million units in 2024, representing a year-over-year growth of 52
Promising Prospects for China's Foldable Smartphone Market: IDC Predicts Shipments to Exceed 10 Million Units in 2024
According to the latest quarterly mobile phone forecast report released by International Data Corporation (IDC), China's foldable smartphone market is expected to ship approximately 10.68 million units in 2024, representing a year-over-year growth of 52.4%. By 2028, shipments are projected to surpass 17 million units, with a five-year compound annual growth rate (CAGR) of 19.8%.
This data indicates that China's foldable smartphone market is experiencing rapid growth and is poised for strong momentum in the coming years. IDC predicts that as foldable phone technology matures and prices continue to decline, these devices will become increasingly appealing to consumers, leading to continued market expansion.
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