The latest Canalys report has some bold predictions for the foldable smartphone market in the near future. The early forecast suggests a yearly shipment rate of 30 million foldable in 2024 meaning a compound annual growth rate (CAGR) of 53% between 2021 and 2024. At the same time, Canalys expects the average selling price (ASP) of foldable to drop in half from 2019 values to around $1,000 in 2024.
