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Foldable Smartphones Shipments Break Records in Q3 2023, Samsung Leads Market Share: Report

Foldable Smartphones Shipments Break Records in Q3 2023, Samsung Leads Market Share: Report

The launch of Samsung's Galaxy Z Flip 5 and Galaxy Z Fold 5 in July this year helped the growth.

Written by Sucharita Ganguly, Edited by Manas Mitul | Updated: 7 December 2023 17:20 IST

Foldable Smartphones Shipments Break Records in Q3 2023, Samsung Leads Market Share: Report

Photo Credit: Samsung

Samsung Galaxy Z Fold 5, Galaxy Z Flip 5 (pictured) were launched in July this year

Highlights

Huawei's Mate X3 helped company claims number two spot
It was followed by Honor's Magic V2 model which was launched in July
In Q3 2022, foldable smartphone shipments peaked at 6.1 million units

Foldable smartphones were more popular in the third quarter of 2023 than was anticipated earlier, according to a new report. The shipments of foldable smartphones and their panels surged in the quarter due to two major reasons, as per the numbers revealed in the study - firstly, the launch of Samsung's Galaxy Z Flip 5 and Galaxy Z Fold 5 in July this year and secondly, the sheer rise in the number of foldable smartphones launched from different brands, especially in China.

According to the Display Supply Chain Consultants (DSCC) report, the shipments of foldable smartphones in Q3 2023 rose 215 percent Quarter-on-Quarter and 16 percent Year-on-Year to 7 million units. This is 1 percent above the outlook and surpasses the earlier record of 6.1 million units in Q3 2022 by 16 percent. South Korean OEM Samsung led market share in the quarter with 76 percent, with leading demands in European markets, as per the report.

Huawei claimed the second spot in the market share at 9 percent. The company launched the Huawei Mate X3 in March this year with a Snapdragon 8+ Gen 1 SoC and a 4,800Ah battery with 66W wired and 50W wireless charging support. The book-style foldable carries a 7.85-inch (2,224x2,496 pixels) OLED inner display and a 6.4-inch OLED (1,080x2,504 pixels) cover panel.

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Honor grabbed onto the third spot with an 8 percent market share with its Magic V2 model. This is another book-style foldable smartphone launched in China. It is backed by a Snapdragon 8 Gen 2 SoC and a 5,000mAh battery with 66W Honor SuperCharge support. This phone features a 7.92-inch interior display with a resolution of 2,344 x 2,156 pixels, and a 6.43-inch outer screen with a resolution of 2,376 x 1,060 pixels.

The DSCC report added that in Q4 2023, foldable smartphone shipments are expected to fall 35 percent QoQ and rise 47 percent YoY to 3.6 million. Samsung's brand share is also expected to take a tumble to land at 42 percent, according to the report.

DSCC CEO Ross Young noted that the entry of new players in the foldable smartphones market with Google Pixel Fold, OnePlus Open, Tecno Phantom V Flip and Tecno Phantom V Fold has helped this rise in shipments.

Samsung launched the Galaxy Z Fold 5 and Galaxy Z Flip 5 alongside the Galaxy Tab S9 series and Galaxy Watch 6 series at its first Galaxy Unpacked event in South Korea. We discuss the company's new devices and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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Samsung Galaxy Z Flip 5

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Vibrant displays, folding display is durable
Compact design when folded
Top-tier performance
Fast wireless charging for a foldable
Water-resistant design
Good quality primary camera

Bad
Cover screen functionality is limited
Battery barely lasts a day
Relatively slow wired charging
No macro camera

Read detailed Samsung Galaxy Z Flip 5 review

Display (Primary) 6.70-inch

Processor Snapdragon 8 Gen 2

Front Camera 10-megapixel

Rear Camera 12-megapixel + 12-megapixel + 10-megapixel

RAM 8GB

Storage 256GB, 512GB

Battery Capacity 3700mAh

OS Android 13

More Samsung mobiles Samsung mobiles price in India

Samsung Galaxy Z Fold 5

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Very good build quality, IPX8 rated
Well-optimised software
Very good system and gaming performance
All-day battery life
Reliable cameras

Bad
Expensive
Still feels bulky

Read detailed Samsung Galaxy Z Fold 5 review

Display (Primary) 7.60-inch

Processor Snapdragon 8 Gen 2

Front Camera 10-megapixel + 4-megapixel

Rear Camera 50-megapixel + 12-megapixel + 10-megapixel

RAM 12GB

Storage 256GB, 512GB, 1TB

Battery Capacity 4400mAh

OS Android 13

Resolution 2176x1812 pixels

More Samsung mobiles Samsung mobiles price in India

Honor Magic V2

KEY SPECS
NEWS

Display (Primary) 7.92-inch

Front Camera 16-megapixel

Rear Camera 50-megapixel + 50-megapixel + 20-megapixel

Battery Capacity 5000mAh

OS Android 13

Resolution 2344x2156 pixels

More Honor mobiles Honor mobiles price in India

Huawei Mate X3

KEY SPECS
NEWS

Display (Primary) 6.40-inch

Processor Qualcomm Snapdragon 8+ Gen 1

Front Camera 8-megapixel

Rear Camera 50-megapixel + 13-megapixel + 12-megapixel

RAM 12GB

Storage 256GB

Battery Capacity 4800mAh

OS HarmonyOS 3.1

Resolution 1080x2504 pixels

More Huawei mobiles Huawei mobiles price in India

Google Pixel Fold

KEY SPECS
NEWS

Display (Primary) 7.60-inch

Processor Google Tensor G2

Front Camera 9.5-megapixel + 8-megapixel

Rear Camera 48-megapixel + 10.8-megapixel + 10.8-megapixel

RAM 12GB

Storage 256GB

Battery Capacity 4821mAh

OS Android 13

Resolution 2208x1840 pixels

More Google mobiles Google mobiles price in India

OnePlus Open

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Slim and light foldable design
Excellent displays
Plenty of raw performance
Good for gaming
Speedy wired charging
Well-rounded cameras
Excellent battery life

Bad
No wireless charging
Basic IP rating

Read detailed OnePlus Open review

Display (Primary) 7.82-inch

Processor Snapdragon 8 Gen 2

Front Camera 20-megapixel + 32-megapixel

Rear Camera 48-megapixel + 64-megapixel + 48-megapixel

RAM 16GB

Storage 512GB, 1TB

Battery Capacity 4800mAh

OS Android 13

Resolution 2,440x2,268 pixels

More OnePlus mobiles OnePlus mobiles price in India

Tecno Phantom V Flip

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Smooth performance
Good battery life
Great inner display
Reliable main camera
Good build quality
Fast charging

Bad
Dim outer screen
Only two software updates
Relatively poor secondary camera
Pre-installed bloatware

Read detailed Tecno Phantom V Flip review

Display (Primary) 6.90-inch

Processor MediaTek Dimensity 8050

Front Camera 32-megapixel

Rear Camera 64-megapixel + 13-megapixel

RAM 8GB

Storage 256GB

Battery Capacity 4000mAh

OS Android 13

Resolution 1080x2640 pixels

More Tecno mobiles Tecno mobiles price in India

Tecno Phantom V Fold

KEY SPECS
NEWS

Display 7.85-inch

Processor MediaTek Dimensity 9000+

Front Camera 32-megapixel + 16-megapixel

Rear Camera 50-megapixel + 50-megapixel + 13-megapixel

RAM 12GB

Storage 256GB, 512GB

Battery Capacity 5000mAh

OS Android 13

More Tecno mobiles Tecno mobiles price in India

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Further reading: Foldable Smartphones, DSCC, Q3 2023, Samsung Z Flip 5, Samsung Z Fold 5, Huawei Mate X3, Honor Magic V2, OnePlus Open, Google Pixel Fold, Tecno Phantom V Fold, Tecno Phantom V Flip

Sucharita Ganguly

Email Sucharita Ganguly

Sucharita is a writer with Gadgets 360 and is mostly found playing with her cat in her free time. She has previously worked at breaking news desks across organizations. Powered by coffee, The Beatles, Bowie, and her newfound love for BTS, she aims to work towards contributing to a better media environment for women and queer folk. More