Samsung top player in foldable smartphone market this year: Report

 

Samsung Electronics took the number one position in the global foldable smartphone market this year with the launch of new devices, a report said on Tuesday, as the company tries to further solidify its status in the burgeoning sector.

According to the latest report from industry tracker Display Supply Chain Consultants (DSCC), Samsung is estimated to take up an 88 percent share in this year's foldable smartphone market in terms of shipments, reports Yonhap news agency.

Samsung unveiled the vertically folding Galaxy Z Flip in February and launched the Galaxy Z Fold 2 in September.

"By model, the Samsung Galaxy Z Flip and the Z Fold 2 are expected to be the two best-selling foldables in 2020 on both a unit and revenue basis," DSCC said.

Its display-making affiliate, Samsung Display Co., accounted for 96 percent of the foldable panels shipped in the third quarter of 2020 and is estimated to take an 87 per cent share for the whole 2020, DSCC added.

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