Counterpoint: China's foldable phone sales to grow 27% year-on-year in 2024, with Huawei Mate X5 ranking first with a market share of 28.1%

Counterpoint: China's foldable phone sales to grow 27% year-on-year in 2024, with Huawei Mate X5 ranking first with a market share of 28.1%
According to recent news, according to data from market research firm Counterpoint Research, sales of foldable screen phones in China will increase by 27% year-on-year in 2024, and Huawei is still far ahead. The top five best-selling foldable smartphones account for more than 50% of China's foldable phone sales, of which Huawei and Honor each account for two seats, and vivo accounts for one seat. The details are as follows:

Huawei Mate X5, with a market share of 28.1%;

Huawei Pocket 2, with a market share of 10.7%;

vivo X Fold 3, with a market share of 5.3%;

Honor Magic Vs 2, with a market share of 4.4%;

Honor Magic V Flip, with a market share of 3.7%.

It can be seen that Huawei occupied the top two positions with a large advantage, with a total market share of 38.8%, accounting for more than one-third of the market.

Most importantly, Huawei Mate X5 is an old model released in September 2023, and it is very remarkable to achieve this result.

From the perspective of categories, large folding phones are obviously more popular in China, accounting for as much as 67%, while small folding phones only account for 33%.

Zikuai Technology

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