DSCC Forecasts 450% Growth in Q4 Foldables to 3.8M Units

Samsung cornered 93% global share of the foldable smartphones market in Q3, with Huawei accounting for most of the rest, reported Display Supply Chain Consultants Tuesday. Q3 was a record quarter for foldables, when the 2.6 million handsets shipped surpassed the previous four quarters combined, growing 480% year over year, said DSCC. Samsung’s August release of its Galaxy Z Flip 3 and Z Fold 3 phones at mainstream prices, backed by strong promotional support, helped fuel the category’s “unprecedented” momentum, it said. Additional growth is expected in Q4, when the new Samsung foldables will have been "available for a full quarter,” said DSCC CEO Ross Young. He forecast 450% year-over-year Q4 growth to 3.8 million handsets, with Samsung increasing its stranglehold on the market to 95% global share.