IDC Sees Foldable Phones Expanding by 69.9% CAGR Through 2025

Global shipments of foldable phones will reach 27.6 million units in 2025, based on a 69.9% compound annual growth rate, reported IDC Wednesday. It estimates 7.1 million were shipped in 2021, an increase of 264.3% over the 1.9 million shipped in 2020. “Despite their small market share, foldables represent a major opportunity for vendors,” said IDC. Foldables are “the most innovative visual change to happen to smartphones,” and are a segment “that cannot be ignored by vendors,” it said. The recent success of Samsung foldables “has given new life to the category as competitors rush to enter the market," said IDC analyst Anthony Scarsella. “Samsung has proven that there is consumer demand for foldable phones once they hit the right price and feature a more stable build.”