A new report from a South Korean publication suggests that Oppo and Vivo have decided to withdraw from the foldable phone market. Although there is no official statement from both companies yet, it is worth waiting for further reports to understand how the situation unfolds. According to reports, Oppo and Vivo’s decision to exit the foldable phone market may be due to a significant decrease in their market share in this segment last year.
On the other hand, Huawei is developing integrated foldable devices. Rumor has it that Huawei is working on a foldable device targeted at the tablet market. This device could offer a screen space of up to 10 inches when unfolded, and Huawei plans to sell over 130 million units of such devices annually.
Currently, Apple’s iPad holds a 40% market share in the tablet market, followed by Samsung’s Galaxy Tab with a 19% market share. According to rumors, both companies are working on expanding their foldable phones in response to Huawei’s new devices.
Samsung, who dominated the foldable phone market with a 66% market share in 2023, is working on a phone with an expandable screen and possibly a phone with a triple-folded screen, similar to Huawei. Meanwhile, leaks suggest that Apple is developing its first horizontally foldable phone, with production slated to begin in 2026.
Let’s wait for further reports to gather more information about the future of foldable devices in the market and see how it impacts the strategies of companies like Oppo, Vivo, and OnePlus.
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The source of the article is from the blog publicsectortravel.org.uk