Canalys report predicts foldable phone shipments to rise over 30 million yearly by 2024

Canalys report predicts foldable phone shipments to rise over 30 million yearly by 2024

The foldable segment saw a 148% growth on a per-year basis for 2021 with an estimated total of 8.9 million shipments for 2021. For comparison, the regular smartphone market grew by 7 percentage points for the same period. Premium Android phone shipments have seen an 18% decrease compared to the values in 2019 so Android makers will try and ramp up demand with new foldable offerings in order to battle with Apple which saw a 68% increase in the same period.