Samsung has launched four foldable smartphones so far, and the company has plans to launch four more next year. Despite competition from Motorola and Huawei, Samsung remains the only brand to have made its mark in the foldable smartphone category, and unsurprisingly, it is number one in the segment worldwide.
According to a report by DSCC (Display Supply Chain Consultants), Samsung closes the year 2020 with an 88% share of the foldable smartphone market in terms of shipments. The Galaxy Z Flip and the Galaxy Z Fold 2 were Samsung’s best-selling foldable smartphones. The Galaxy Z Fold 2 is a huge improvement over Samsung’s first foldable smartphone, the Galaxy Fold, as the company has made improvements in build quality, design, foldable screen stability and specs.
Samsung Display, the affiliate of the display manufacturing company, sold 96% of the foldable displays sold in the third quarter of 2020. Overall, the company will have an 87% share of the foldable display market by 2020. display panels with ultra-thin glass to other smartphone companies next year, potentially putting Samsung’s smartphone division in more competition. Shipments of folding displays are expected to reach 95 million by 2025, of which 59 million for smartphones.
The South Korean smartphone giant is expected to launch relatively affordable foldable phones in 2021 to improve shipments and ditch the Galaxy Note lineup in the near future.