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China’s Foldable Smartphone Shipments Skyrocket by 173% in Q2

The Chinese market for smartphones has exhibited impressive expansion, as per a report from the industry. Shipments of foldable smartphones escalated by a significant 173% in the second quarter of compared to the previous year, totaling a noteworthy 1.26 million units.

During the initial six months of this year, dispatched a total of 2.27 million foldable phones, reflecting a remarkable upswing of 102% in contrast to the corresponding period in the preceding year. This information was revealed by the International Data Corporation (IDC), a prominent global market research firm.

Amidst the competitive landscape, has continued to assert its dominance in the domestic foldable sector, seizing a substantial 43% market share in the second quarter. Meanwhile, Vivo's position has ascended to second place, securing a market share of 19.7%. follows in third position with a market share of 15.9%. These rankings for the second quarter stem from data furnished by the IDC.

The market for foldable phones has exhibited steady growth since its inception and currently stands as the sole segment within the broader smartphone market that displays a rising trajectory, as remarked by the IDC.

Advancements in hinge and screen technologies, coupled with a consistent decline in product costs, have contributed to an elevated receptiveness among consumers towards foldable smartphones, as highlighted by the IDC.

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