That sounds like a drop in the ocean, but it will still surely contribute to the slow recovery of today’s intensely struggling smartphone market as a whole. All in all, handset sales are expected to fall by 1.1 percent this year after taking an absolutely massive 11 percent hit in 2022, with the modest bounceback of the next few years leading to a CAGR (compound annual growth rate) of 2.6 percent through 2027.
In contrast, the foldable segment’s CAGR between 2022 and 2027 should stand at 27.6 percent, which sounds great… until you remember this year’s progress is projected at more than 50 percent and 2022’s sales figures jumped by 75.5 percent from 2021.
In other words, the category’s growth will slow down over the coming years, nonetheless drawing more and more brands to both flip and fold designs, with the intensifying competition likely to push prices to lower and lower levels and squeeze those currently hefty profit margins.
