Samsung‘s dominance in the foldable smartphone market is expected to grow even bigger this year. According to a new report from display industry tracker DSCC (Display Supply Chain Consultants), the South Korean giant could capture about 80 percent of the foldable smartphone market in 2020.
The company recently launched the Galaxy Z Fold 2 and we can say it is miles ahead of any other foldable phone you can buy right now. There’s literally no competition for this phone. It is already selling like hotcakes and this trend may well continue for at least some time now.
The Galaxy Z Flip, which launched in February this year (5G variant in July) with a clamshell form factor, has also attracted a good number of buyers. This phone competes directly against the Motorola Razr but Samsung still wins the game comfortably.
The only other major OEM to have a commercially available foldable phone under its belt is Huawei. However, the Chinese company is struggling to keep together its smartphone business because of the US government’s tightening trade restrictions. It was expected to unveil the Mate X2 foldable later this year. However, those plans now seem to be a distant dream. Huawei is struggling to even acquire necessary components for the phone.
This pretty much leaves Samsung and Motorola fighting in the market and the Korean behemoth is coming on top comfortably. Motorola announced the Razr 5G last week with a price tag of $1,399. The Galaxy Z Flip 5G costs $1,499 while you’ll have to shell out a whopping $1,999 for the Galaxy Z Fold 2.
Samsung could sell 4 million foldable smartphones this year
DSCC expects the Samsung Galaxy Z Flip to be the best-selling foldable phone this year. The Galaxy Z Fold 2 will follow its cheaper sibling to come second. The Motorola Razr will be the third best-selling foldable phone in 2020. Overall, Samsung could sell as many as 4 million foldable smartphones this year, capturing about 80 percent of the market.
“This is higher than previously forecast due to their success along with Huawei’s inability to launch the Mate X2 as a result of US government restrictions,” said DSCC head Ross Young.
The Galaxy Z Fold 2, in particular, is seeing a strong demand right now. Just after reports emerged that pre-orders for the handset has reached 50,000 units in South Korea, a new report today said the pre-order numbers have crossed 80,000. Because of this higher-than-expected pre-orders, Samsung had to delay the official launch of the handset in its home country.