Huawei Remains on Top: Q3 2024 Foldable Phone Market Share Revealed

Huawei Remains on Top: Q3 2024 Foldable Phone Market Share RevealedOver the past month, the domestic foldable phone market has been heating up again, fueled by the strong sales of the Huawei MateXT Master Edition. Not only has the buzz around foldable phones increased, but sales have also seen a surge

Huawei Remains on Top: Q3 2024 Foldable Phone Market Share Revealed

Over the past month, the domestic foldable phone market has been heating up again, fueled by the strong sales of the Huawei MateXT Master Edition. Not only has the buzz around foldable phones increased, but sales have also seen a surge. So who emerged as the "king" of the domestic foldable phone market in the third quarter? On October 10th, industry insider "Wisdom Chip Insider" revealed data on the domestic foldable phone market for Q3 2024. The data shows that domestic foldable phone sales grew 24% quarter-on-quarter, driven by new foldable phone launches from brands like Huawei, Honor, and Xiaomi, injecting new energy into the market.

Let's take a look at the specific rankings:

• Champion: Huawei, Market Share 44.7%

• Runner-up: Honor, Market Share 25.6%

• Third Place: Xiaomi, Market Share 16.2%

• Fourth: Others (presumably Samsung), Market Share 11.6%

• Fifth: Vivo, Market Share 6.9%

• Sixth: OPPO, Market Share 2.5%

"Wisdom Chip Insider" also indicated that Huawei will release a new foldable phone in Q4, while Xiaomi's market share is expected to continue to grow thanks to the strong sales of the Xiaomi MIXFlip.

Overall, Huawei remains the undisputed king of the domestic foldable phone market. Although its market share has declined slightly compared to before, its dominance with a 44.7% share remains unshakable. Other brands have a long way to go before they can challenge Huawei's reign.

The popularity of Huawei foldable phones in the domestic market can be attributed to its diverse product line covering various foldable form factors, but more importantly, to its strong influence and brand appeal in the foldable phone space. As a pioneer and leader in the foldable phone segment, Huawei has consistently been at the forefront of technology innovation and user experience.

Besides Huawei, Honor has also made significant progress in the foldable phone arena, launching multiple models and earning user recognition. Xiaomi, with its two new releases in Q3, has delivered exceptional performance in the market.

OPPO, the leader in the Q3 rankings, primarily due to its lack of new foldable phone releases. Its last launch dates back to October last year. In the increasingly competitive foldable phone market, OPPO's failure to launch timely new products inevitably impacted its market share.

In conclusion, Q3 2024 saw intense competition in the domestic foldable phone market. While Huawei still sits firmly on the throne, other brands are actively catching up. The future of the foldable phone market promises to be even more exciting. Let's eagerly anticipate the innovative surprises that each brand will bring to the table.