Strategy Analytics: Competition in the foldable phone market intensifies

Geopolitical and economic conditions, as well as inflation, will significantly slow economic growth in 2023. People are panic buying non-essential items, which is affecting many industries, including foldable devices.

Price remains a huge factor limiting the growth of foldable smartphones, but Huawei has proven that things can change.

Samsung is the world's leading supplier of foldable display smartphones, but there are more players in this field today. Huawei, vivo and Honor have successfully taken market share from Samsung in China.

Honor and OPPO will expand into global markets in 2023 , which will provide a welcome boost to Samsung and the entire industry.

Global consumer price inflation is expected to persist for longer as commodity prices surge and supply bottlenecks linger.

The pandemic has left deep scars, manifested in lower investment, reduced human capital, and a retreat from global supply chains, all of which could depress potential growth in the long run.