Powered by the popularity of the Galaxy Z Fold7, Samsung Electronics accounted for 64% of global foldable phone shipments in the third quarter. The gap with No. 2 Huawei widened further.
According to a Counterpoint Research report on the 6th, Samsung Electronics' share of foldable phone shipments in the third quarter was calculated at 64%, up 8 percentage points from a year earlier. Huawei ranked second (15%), followed by Motorola (7%) in third, Honor (6%) in fourth, Vivo (4%) in fifth, and Xiaomi (2%) in sixth.
Samsung Electronics' share in the third quarter of last year was 56%, a 41-percentage-point gap with No. 2 Huawei (15%). In the third quarter of this year, Samsung Electronics' share rose while Huawei's held steady, widening the gap to 49 percentage points.
The report said, "Global foldable smartphone shipments in the third quarter increased 14% from a year earlier, marking the highest quarterly result on record," and analyzed that "the Samsung Galaxy Z Fold7 series was the biggest growth driver."
Meanwhile, foldable smartphones accounted for 2.5% of total global smartphone shipments in the third quarter.