As Apple rumors swirl, Chinese rivals launch foldable smartphones to challenge Samsung
Publishing timestamp: 2023-03-06 07:06:34
Summary
Foldable devices have hit the international market this year as electronics giants, mainly Chinese, look to catch up to Samsung in the smartphone category. Analysts have questioned the potential of the foldable category due to the high price of devices and their lack of clear uses. Samsung has launched a number of foldable devices since 2019 and accounted for 80% of global foldable shipments in 2022. Other firms are trying to catch up to Samsung, with Chinese vendors Oppo and Honor launching their own foldable smartphones. Apple is speculated to be launching a foldable device, though it may be an iPad rather than a smartphone. Lower prices will be key for vendors to challenge Samsung's dominance.
Sentiment: MIXED
Keywords: smartphones, business news, technology, china, internet, samsung electronics co ltd, apple inc,
Source: https://www.cnbc.com/2023/03/06/chinese-firms-launch-foldable-smartphones-as-apple-rumors-swirl.html