Monday, January 18, 2021

Samsung top player in foldable smartphone market this year: Report

- Advertisement -

samsung galaxy foldablesSeoul, Dec 15 (IANS) Samsung Electronics took the number one position in the global foldable smartphone market this year with the launch of new devices, a report said on Tuesday, as the company tries to further solidify its status in the burgeoning sector.

According to the latest report from industry tracker Display Supply Chain Consultants (DSCC), Samsung is estimated to take up an 88 percent share in this year’s foldable smartphone market in terms of shipments, reports Yonhap news agency.

Samsung unveiled the vertically folding Galaxy Z Flip in February and launched the Galaxy Z Fold 2 in September.

“By model, the Samsung Galaxy Z Flip and the Z Fold 2 are expected to be the two best-selling foldables in 2020 on both a unit and revenue basis,” DSCC said.

READ ALSO:  Riding on 5G, Apple may see 15% iPhone growth next fiscal year

Its display-making affiliate, Samsung Display Co., accounted for 96 percent of the foldable panels shipped in the third quarter of 2020 and is estimated to take an 87 per cent share for the whole 2020, DSCC added.

“Samsung Electronics is increasing its emphasis on foldables and de-emphasising its Note series which will make its foldable Z Series their second flagship series,” DSCC said.

“Samsung Display is expected to become more aggressive in helping other brands enter the foldable market by selling them panels for the first time in 2021 including making ultra-thin glass (UTG) cover solutions available.”

DSCC said that global foldable panel shipments are expected to surge 454 per cent on-year to 3.1 million units this year, with total revenue reaching $462 million.

READ ALSO:  India surpassed the US to become second-largest smartphone market globally

By form factor, DSCC predicted that clamshell design devices are to take a nearly 60 per cent share.

It also predicted that UTG, currently used for display cover windows for the Galaxy Z Flip and the Galaxy Z Fold 2, are to lead the market with an 84 per cent share for this year in terms of panel procurement basis.

READ ALSO:  Xiaomi’s Mi India forays into smart home category in India

DSCC said the global foldable display market, covering all applications, is expected to grow to 94 million units in 2025, with foldable smartphone panels reaching 59 million units.


India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News


Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Trending News In India

Trending Showbiz

Trending Sports

Latest Trending News In India

Parliamentary panel summons FB, Twitter officials on Jan 21

New Delhi, Jan 17 (IANS) The Parliamentary Committee on Information Technology has issued summons to officials of Facebook and Twitter for January 21, to...

447 adverse events across India post-vaccination, 3 serious

New Delhi, Jan 17 (IANS) A total of 447 Adverse Events Following Immunisation (AEFI) have been reported in the last two days of the...

New-age insurance, green energy stocks in queue for Nifty50 entry

Mumbai, Jan 17 (IANS) New-age stocks from insurance, green energy and internet space are in the queue to enter benchmark Nifty50 index, which reflects...

Centre-farmers’ standoff will resolve through dialogues: Vice Prez

New Delhi, Jan 17 (IANS) Vice President M. Venkaiah Naidu on Sunday said that the current standoff between the protesting farmers and the Centre...