According to a recent estimate, the first quarter of 2024 witnessed a noteworthy 19% year-over-year growth in foldable smartphone shipments in India, with Samsung emerging as the market leader. As per Counterpoint Research, Samsung secured a commanding 79% market share, primarily due to the success of the Galaxy Fold 5, which constituted half of the company’s shipments of foldable devices.
Foldable Smartphone Shipments Surge 19 per cent
Trends and Market Dynamics
The research director at Counterpoint Research, Tarun Pathak, emphasized, “For the foreseeable future, the foldable smartphone market in India is anticipated to remain niche. Foldables need to combine user demands, usability, design, and cost despite competition from high-end gadgets like Apple iPhones.”
Style Preferences, Foldable Smartphone Shipments Surge 19 per cent
According to the research, clamshell smartphones made up the remaining 24% of foldable smartphone shipments in Q1, with book-type devices accounting for 76% of shipments. Because of its functionality and appeal, analysts predict that the book-type segment will continue to develop.
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Women are especially fond of clamshell cellphones because of their small form factor, the survey claims.
By the end of 2024, 0.8 million foldable smartphones are expected to be sold in India; this is a little less than anticipated.
The aforementioned data highlights Samsung’s dominant market share in India’s smartphone market, particularly in the premium tier that is characterized by cutting-edge designs and technology.
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