According to a recent report published by Gartner, roughly 30 million units of foldable smartphones will be sold by 2023 and if you do that math that figure will contribute to a gain of 5 percent of high-end smartphone share.
This isn’t a bad number if you consider the high price. Huawei CEO recently said that the folding smartphones are an emerging category and that it’d take only a few years to bring the price down, and down by half of the existing price. However, Gartner analyst Robert Cozza said that the folding smartphones have a long way to go before it can replace your regular smartphone. Also, there’ll be several manufacturing challenges and due to which it’ll likely to be a niche product for the next five years.
Cozza said, “Through the next five years, we expect foldable phones to remain a niche product due to several manufacturing challenges. In addition to the surface of the screen, the price is a barrier despite we expect to decline with time. Currently priced at $2,000, foldable phones present too many trade-offs, even for many early technology adopters.”
The Gartner report also shed some light on the shipments of traditional smartphones and PCs. According to the report, this year will see a decline in mobile phones sales. However, the sales are expected to return to growth in the next year. PCs, on the other hand, will witness yet another decline this year.