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Oppo-Vivo are reportedly considering exiting the folding phone market. Due to this the market may go into the hands of Huawei and Samsung. Meanwhile, news is also coming that Huawei is working on a tri-foldable phone. On the other hand, Samsung is developing a rollable display phone. However, there has been no confirmation from the companies regarding anything yet. Therefore, we would advise you to wait for the official report to understand how the situation unfolds further.
In this article:
Oppo and Vivo may leave foldable phone market
According to a report by the Korean Economic Daily, Oppo and Vivo may leave the folding phone business due to weak prospects. Both Chinese companies lag behind other existing companies like Samsung, Apple and Xiaomi in global smartphone market share. Even on their home turf, they are lagging behind companies like Honor and Huawei.
Huawei and Samsung will benefit
If Oppo and Vivo leave the folding phone business, Samsung and Huawei will benefit the most. The South Korean chaebol has taken the lead in the folding phone market and is thus ahead. It will clearly benefit from the exit of these two BBK companies. However, it is Huawei that the Korean publication considers the clear benefactor of this situation.
Huawei Trifold Smartphone Plans (Rumor)
- Design: It can bend twice in Z shape.
- display: The Huawei tri-fold phone can have a 10-inch screen from where it can be opened.
- launch timeline:The world's first triple-folding phone is expected to be released in the first half of 2024. Apparently it is already being prepared for mass production.
- Expected Sales: The Korean report claims that Huawei could sell more than 130 million units in a year.
Because this type of foldable will work like a tablet that folds into a phone-like shape. So it can eat up the tablet market. This could be a threat to Apple's iPad business, at least in China. It was able to surpass Apple's sales in the Chinese market in the first 2 weeks of this year.
Apple and Samsung also ready
Apple is also rumored to be working on a foldable iPhone, with final production expected as early as 2026. Meanwhile, Samsung has apparently completed the work of creating rollable displays and the market is waiting for its rolling Galaxy smartphones.
Let us tell you that in 2023, Samsung is leading in the foldable phone segment with 66 percent market share. At the same time, with 40 percent market share, Apple's iPad currently dominates the tablet PC market, while Samsung's Galaxy Tab is in second place with 19 percent market share.
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