The annual sales of foldable phones will reach 30 million units in 2024


The annual sales of foldable phones will reach 30 million units in 2024

The annual sales of foldable phones will reach 30 million units in 2024

The latest analytical report from the well-known Canalys Institute contains some interesting predictions for the foldable phone market in the near future. According to GSM Arena, the Canalys report predicts the foldable phone market in 2024 to The annual sales rate will reach 30 million devices, which means that the compound annual growth rate between 2021 and 2024 is expected to be 53%.

In the same time frame, Canalis expects the average sales price of folding devices in 2024. reach about a thousand dollars, which means half of the selling price of these devices in 2019.

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In 2021, we saw a 148% annual growth in the sales of foldable phones in the market, and Canalis claimed that in total 8.9 million foldable devices were sold last year. In comparison, it is interesting to know that in the same period of time, the growth rate of the normal phone market is estimated at seven percent.

Sales of high-end Android phones faced an 18% drop compared to 2019, while Apple iPhones They have experienced a growth of 69%. In this way, Android companies are trying to increase the overall sales of their products by investing in the foldable market.

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