Foldable Smartphones: The market share of Foldable Smartphones in the Ultra-Premium, which are often priced above Rs. 45000 is speculated to grow almost around four times to 35 percent in India, As per Counterpoint Reasearch.
Research said that, In the first half of 2023, the market share of clamshell smartphones stood at 8 percent. Till June 2023, Foldables contributed 8 percent share in the Ultra Premium segment smartphones priced over Rs. 45000, this number is expected to increase by 35 percent by the end of 2025.
According to the Counterpoint Research, India’s foldable smartphone constitutes only 1 percent of the overall Smartphone Market.
The report said clamshell smartphones among the foldable designs are particularly favoured by female users, accounting for 82 percent of total foldable shipments in the first half of 2023 due to their affordability.
“Localisation of manufacturing, exemplified by flagship devices like Samsung Z Fold 5 and Flip 5 being produced in India, is fuelling the market’s growth,” Counterpoint Research said
The Expected launches of more smartphones in the foldable segment will further boost the clasmshel foldable smartphone market.
Notably, Korean smart devices major Samsung will manufacture its premium flagship devices Galaxy Z Fold 5 and Galaxy Z Flip 5 in India to meet local requirements, a senior company official said in a statement. Company said that both Galaxy Z Fold 5 and Galaxy Z Flip 5 will be manufacture at India factory in Noida, “Samsung SouthWest Asia President and CEO J B Park said.
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