HomeTechFoldable phones will become extremely popular in 2 years: Canalys

Foldable phones will become extremely popular in 2 years: Canalys

Canalys, a leading global technology market analyst firm, released a report with some bold predictions for the future of the foldable smartphone market. The early forecast suggests an annual shipment rate of 30 million foldable handsets by 2024, resulting in a compound annual growth rate (CAGR) of 53% between 2021 and 2024.

Canalys expects the average retail price (ASP) of foldable smartphones to halve from its 2019 value to about $1,000 by 2024.

Redmi K50 Gaming Edition charges in less than 20 minutes

PTA Decision Against Blocking Cryptocurrency Websites in Pakistan

The foldable segment grew 148% year-over-year for 2021 with an estimated total of 8.9 million shipments. While the regular smartphone market grew by 7 percentage points in the same period.

Shipments of premium Android phones are down 18% compared to 2019. Android makers are likely to try to ramp up demand with new foldable devices to keep pace with Apple, which saw a 68% increase over the same period. .

The post Foldable Phones Will Be Extremely Popular in 2 Years: Canalys appeared first on .


Please enter your comment!
Please enter your name here

Must Read