Foldable phones to hit 30 million shipments by 2023: Gartner

“According to Gartner, foldable phones are expected to account for 5 percent of high-end smartphone’s market share by 2023, amounting to 30 million units” 

According to Gartner, the worldwide PCs, tablets, and mobile phones shipments will reach 2.21 billion units in 2019, thus witnessing a flat YoY growth. The PC market is expected to decline further continuing its trend, while the mobile phone market is expected to return to growth in 2020. The report suggests the foldable phones segment will account to 5 percent of high-end smartphone’s market share by 2023.

Gartner Report

The PC market will witness a total shipment of 258 million units in 2019, a 0.6 percent decline from 2018, according to Gartner. Traditional PCs, with just 189 million shipments, are set to decline by 3 percent in 2019. Windows 10 will represent 75 percent of the professional PC market by 2021, the research firm says.

Smartphone shipments are estimated to hit 1.8 billion units in 2019, a decline of 0.5 percent year over year. However, the market is forecast to return to growth, with shipments expected to increase by 1.2 percent from 2019. Gartner claims the average high-end flagship lifetime is said to increase from 2.6 years to 2.8 years through 2023.

Huawei, Samsung, and other brands have introduced their respective foldable phones at MWC 2019 in February. Gartner estimates that foldable phones will account for 5 percent of high-end smartphone’s market share by 2023, accounting to a total of 30 million units. 

Huawei Mate X in pictures - 91mobiles FB feat
Huawei Mate X

Robert Cozza Gartner analyst said, We expect that users will use a foldable phone as they do their regular smartphone, picking it up hundreds of times a day, unfolding it sporadically and typing on its plastic screen, which may scratch quickly depending on the way it folds. Through the next five years, we expect foldable phones to remain a niche product due to several manufacturing challenges. In addition to the surface of the screen, the price is a barrier despite we expect to decline with time. Currently priced at $2,000, foldable phones present too many trade-offs, even for many early technology adopters.”

Sai Krishna is a close follower of tech and everything that has the word 'smart' involved. This makes him passionate to write about everything revolving around the world of technology. He can always be seen surfing the web and while he’s not working, you can find him re-watching Seinfeld and reading comics.
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SOURCEGartner