After Apple, Huawei Takes On Samsung In Race To Become World's Top Foldable Phone Maker: Report
Portfolio Pulse from Rounak Jain
Huawei has surpassed Samsung in global foldable smartphone shipments for Q1 2024, driven by a 257% YoY growth in 5G-enabled foldables. The global foldable market saw a 49% YoY increase, with Huawei leading the surge. Other players like Honor and Motorola also saw significant growth.
May 31, 2024 | 10:17 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Apple faces increased competition from Huawei in the foldable smartphone market, leading to price cuts for iPhones in China.
Huawei's significant growth in the foldable market and Apple's need to cut iPhone prices in China indicate increased competitive pressure on Apple.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Samsung has been surpassed by Huawei in foldable smartphone shipments for Q1 2024, but plans to reclaim market leadership with the upcoming Z Flip 6.
Samsung's loss of market leadership to Huawei in the foldable segment could negatively impact its short-term stock price, despite plans to launch the Z Flip 6.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90