The foldable phone market may be facing some challenges, but Huawei is continuing to gain ground.According to a recent report by Counterpoint Research, the Chinese tech giant achieved a 23% year-over-year (YoY) increase in global foldable phone shipments in Q3 2024, despite a slight decline of 1% in the overall market compared to the same period last year.This comes shortly after the launch of Huawei’s flagship Mate 70 series and the Mate X6 foldable.>>>>>>>>Huawei B-51H – Battery B-51H 4800mAh
Huawei Now Second to Samsung
Huawei now holds 15% of the global foldable market share, marking a 2% increase compared to the same period last year. The growth is largely driven by the continued success of the Mate X5 and Pocket 2 in China, which have pushed Huawei’s foldable sales to new heights. In addition, Huawei has introduced several experimental foldable models in the Chinese market. For instance, the Nova Flip caters to budget-conscious consumers looking for an affordable foldable option. Huawei has also pioneered the release of a tri-fold phone for mass production, although these experimental devices have seen lower shipments compared to their more established models.>>>>>>>>Huawei Mate X2 – Battery HB605290EFW 4400mAh/17.02WH
Samsung Still Leads, But Huawei Is Catching Up
Despite a 21% decline in its Q3 shipments, Samsung remains the global leader in foldables. However, with Huawei’s 23% growth, the company is comfortably in second place. Honor follows with a remarkable 121% YoY increase in foldable sales, while Motorola rounds out the top four, also showing impressive growth with a 164% YoY rise.Among all competitors, Xiaomi saw the highest YoY shipment growth, at 185%, thanks to the global launch of its first foldable, the Mix Flip.
Looking Ahead
While the overall foldable phone market experienced a slight dip in Q3, Huawei’s strategic efforts and innovative devices position the company well for continued growth in this expanding segment. With the Mate X6 now launched, it will be interesting to track its performance in the months ahead.>>>>>>>>Huawei Nova CAZ-AL10 CAZ-TL00 – Battery HB405979ECW 2920mAh 11.15WH