Trendforce posted its forecast for the foldable smartphone market in the next five years, including the rest of 2023. Expectations are shipments in 2023 to reach 18.3 million units, a 1.6% market share, but in 2027, they grow to 70 million, or 5% of the global smartphone market.
The foldable market should increase after reduced costs for manufacturing, as well as availability expansion by Chinese smartphone makers. As the cost of components gets lower, especially of panels and hinges, retail prices for foldables will also decline, going below $1,000.
According to Trendforce, Samsung…