Order the just-launched Galaxy Fold7, Flip7, or Watch8 Classic – New deal Galaxy S25 Ultra
Last updated: December 15th, 2020 at 06:02 UTC+01:00
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According to a report from DSCC (Display Supply Chain Consultants), Samsung will end 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 brought improvements in build quality, design, foldable screen stability, and specifications.
Samsung Display, the company's display manufacturing affiliate, sold 96% of the foldable display panels that were sold in Q3 2020. Overall, the company is expected to have an 87% share of the foldable display panel market in 2020. It will reportedly sell foldable display panels with Ultra Thin Glass to other smartphone firms next year, so Samsung's smartphone division might face increased competition. The shipments of foldable display panels are expected to reach 95 million by 2025, with 59 million of them to be made for smartphones.
The South Korean smartphone giant is expected to launch relatively affordable foldable phones in 2021 to improve shipments while axing the Galaxy Note lineup in the near future.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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