TechInsights: competition in the folding screen mobile phone market intensifies, Huawei, vivo and Glory successfully seize Chinese market share from Samsung

CTOnews.com February 22 news, TechInsights recently released a report, folding screen mobile phone market competition intensified. The report points out that the geopolitical and economic situation and inflation in 2023 will significantly slow economic growth. People are snapping up non-essentials, affecting many industries, including folding screen devices. Price is still a huge factor limiting the growth of folding screen smartphones, but Huawei has proved that things can change (CTOnews.com sees a growing share of Huawei's folding screen phones from 2020 to 2022).

Samsung is the world's leading supplier of foldable display smartphones, but now there are more players in this field. Huawei, vivo and Glory have successfully captured Chinese market share from Samsung.

Glory and OPPO will expand into the global market in 2023, which will give a welcome boost to Samsung and the industry as a whole.

Global consumer price inflation is expected to last longer because of soaring commodity prices and lingering supply bottlenecks. The epidemic has left a deep trauma, characterized by reduced investment, reduced human capital and the withdrawal of global supply chains, all of which are likely to dampen potential growth in the long run.