According to new data released on Monday, India currently sells close to 3,000 units of foldable smartphones annually, with sales expected to reach 10,000 units by 2026.
According to market research firm CyberMedia Research, the number of foldable smartphone shipments in the nation is predicted to increase 20 times by 2026, or by approximately 64% CAGR (CMR).
With Samsung at the forefront, sales of foldable phones have increased four times since 2020 in the nation, with the Fold device capturing 61% of the market and the Flip model reaching 39%.
According to TM Roh, President and Head of Mobile Business at Samsung, this rapid growth will persist.
You “will see that the impact of our innovation is not only about what technology can do,” he claimed, referring to the upcoming “Galaxy Unpacked” event on August 10.
The Galaxy Z Flip 4 and Galaxy Z Fold 4 next-generation foldable smartphones are anticipated to be unveiled at the online “Galaxy Unpacked” event.
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