IDC: Huawei obliterates competition in China's foldables market
IDC posted its latest report on the foldable market in China, and it shows that Huawei dominated in the last quarter of 2024. 48.6% of the 2.505 million shipped units were made by the Shenzhen-based company, while Honor was a distant second with a 20.6% market share. However, interest in foldables seems to have faded, as shipments were almost 10% lower than in the same period 12 months ago. Foldable phones' shipments in China (blue) and YoY change (yellow) The Q4 2024 period was the first time foldables saw a decline in shipments since tracking the segment began nine quarters ago....
IDC posted its latest report on the foldable market in China, and it shows that Huawei dominated in the last quarter of 2024. 48.6% of the 2.505 million shipped units were made by the Shenzhen-based company, while Honor was a distant second with a 20.6% market share. However, interest in foldables seems to have faded, as shipments were almost 10% lower than in the same period 12 months ago. Foldable phones' shipments in China (blue) and YoY change (yellow) The Q4 2024 period was the first time foldables saw a decline in shipments since tracking the segment began nine quarters ago....
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