Huawei has begun mass production of its next-generation foldable smartphones. This phone will face Samsung’s Galaxy Z Flip 3, and the price is expected to be lower.
According to the latest report, at an investor meeting on November 25, Zhaoli Technology revealed that it has begun mass production of a new foldable smartphone hinge for a customer, which requires less than its predecessor.
Although Zhaoli Technology did not specify the customer’s name, industry observers believe that it refers to Huawei. As consumers’ interest in lightweight and high-resolution smartphones fades, major companies have focused on the development of foldable smartphones.
After seeing the success of Samsung Galaxy Z Flip 3 sales, other companies including Huawei have also accelerated the production of their own foldable devices.
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However, despite the popularity of foldable smartphones, they have just entered the market and are extremely expensive, often twice as high as ordinary smartphones. Therefore, when Samsung decided to launch the Galaxy Z Flip 3 at a low price in August this year, it achieved sales of more than 1 million units in just 40 days.
It is reported that Samsung plans to increase shipments of foldable smartphones from 7 million to 13 million by 2022, including 4 million Galaxy Z Fold and 9 million Galaxy Z Flip. Due to the restrictions of Sino-US trade friction, its rival Huawei is currently lagging behind in foldable smartphones.
According to industry insiders, by 2022, foldable smartphones will account for 20% of Samsung’s total smartphone shipments, and Huawei’s new foldable smartphones will also be launched next year. Google, Xiaomi, OPPO, and Vivo also plan to release new foldable models soon.
According to DIGITIMES Research, global shipments of foldable smartphones will exceed 100 million units by 2025 and will exceed 150 million units by 2026. The agency pointed out that if Apple decides to join this battlefield, this number will be reached sooner.
