Huawei still leading foldable market, while China’s smartphone shipments decline by 14.7% in Q2-2022

Newly released data from the IDC for China’s mobile market show that the shipment of mobile phones in China’s market declined by 14.7% in Q2 -2022. Although, the smartphone market reached about 67.2 million units. On the other hand, Huawei still leading the foldable smartphone shipment in Q2-2022.

As per the report, the market was about 67.2 million units and it further dropped by 14.7% year on year. In comparison to the first half of China’s smartphone market shipment declination is not so vast, but the rapidly dropped per year is a little unexpected for the firms.

As per the report, the Honor has risen to the top for the first time, mirroring the results of other institutions’ surveys. Furthermore, Vivo was the second largest manufacturer in the second quarter, with OPPO, Xiaomi, and Apple ranking third, fourth, and fifth, respectively.

The top five factories shipped 13.1 million units in Q2, followed by 12.9 million, 11.5 million, 10.5 million, and 9.5 million. Except for Honor and Apple, which both experienced declines.

IDC estimates that the domestic smartphone market as a whole is seeing a decline in the first half of this year, while the foldable screen market has continued to develop quickly. Domestic shipments of folding screen products hit 1.1 million units in the first half of 2022, an increase of roughly 70% year over year.

With Huawei’s strong brand and product portfolio, Huawei continues to lead more than 63 percent of the domestic folding screen market in Q2-2022. OPPO ranks second within the market thanks to Find N’s cost-effectiveness and distinctive product design.

Samsung Galaxy Z Flip 3 and Z Fold 3 products are nearing the end of their useful lives and are ranked third and the Honor and Vivo are ranked fourth and fifth, respectively, for supply methods that are quite conservative.

The market for folding screens has the potential to expand quickly, yet even some items are still hard to come by. Focusing on the enhancement of the product experience will continue to be the path that industry participants should focus on in the future, despite the enormous hurdles in the overall market.

(Source: IDC)