Samsung grabbed 96% share of the global foldable smartphone market in Q4 2021

A recent report from research firm DSCC indicates that Samsung continues to dominate the foldable smartphone market. The Korean brand will have the largest 87% share of this niche market by 2021.

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It’s an increase of one percentage point over a year ago, which is why we now have more OEMs making foldable smartphones than ever before. As per the recent report (via), Samsung is far behind Huawei with a nine percent stake.

Moreover, the Chinese firm’s Oppo and Royole, which are credited with commercially launching the world’s first foldable smartphone, have taken over the rest of the market. Motorola has almost reached the foldable scene with Samsung with the rebirth of its iconic Razr flip phone, but no such device was sold last year.

Additionally, Samsung Galaxy Z Flip 3 got a foldable place last year. Launched in August, the device is the best-selling foldable smartphone of the year and with some margins. It makes up 51 percent of all such non-traditional smartphones sold in 2021.

The Galaxy Z Fold 3 came in second with a 26% share when it was launched. Huawei’s Mate X2 and Samsung’s 2020 models Galaxy Z Flip 5G and Galaxy Z Fold 2 are in the top five.

According to the report, revenue for the fourth quarter of 2021 grew 342 percent year-on-year to $5.8 billion. In fact, it is at a record level as foldable sales continue to grow rapidly. And you guessed it right. Samsung dominated revenue share with 92% of total revenue in the year-over-quarter.

Via – SammyFans