How price may drive the foldable smartphone segment in 2024

According to a report by Counterpoint Research, while the global smartphone market faced a decline in shipments, the foldable smartphone market showed a growth of 10% YoY in the second quarter of 2023. The report suggests that the foldable smartphone sector is expected to sustain this growth, driven by the introduction of products tailored for the Chinese market and strong demand from Chinese consumers.