Foldable Phones Will Become Extremely Popular in 2 Years: Canalys

Foldable Phones Will Become Extremely Popular in 2 Years: Canalys

Canalys, a well-known global technology market research firm, has produced a report with some bold predictions for the future of the foldable smartphone market. According to early estimates, 30 million foldable handsets would be supplied yearly by 2024, indicating a 53 percent compound annual growth rate (CAGR) from 2021 to 2024.


According to Canalys, the average selling price (ASP) of foldable smartphones would drop by half to around $1,000 in 2024, from present levels.

With a projected total of 8.9 million shipments in 2021, the foldable category is expected to grow by 148 percent year over year. The typical smartphone market grew by 7 percentage points within the same time period.

Premium Android phone shipments have declined by 18% year over year. Android manufacturers will undoubtedly try to raise demand with new foldable handsets to keep up with Apple, which had a 68 percent increase in demand over the same time period.

One Plus


Vivo V30

Vivo V30 5G Officially Released in Pakistan with Triple 50MP Cameras, 120Hz AMOLED, and 80W Flash Charge

Vivo has officially announced the Vivo V30 5G in Pakistan, ushering in a new era of mid-range innovation, after a …

Samsung’s Galaxy Unpacked 2022 Will be Taking Place in the Metaverse

Samsung’s Galaxy Unpacked 2024 Will be Taking Place in the Metaverse

It appears that Samsung, the South Korean IT behemoth, will be the first to stage its biggest event of the …

Nokia Smartphones Will Last Even Longer Soon

Nokia Smartphones Will Last Even Longer Soon

Nokia’s parent company, HMD Global, has launched an extended warranty program for its smartphones. Nokia will extend your smartphone’s warranty …

The year’s top seller is the brand-new TECNO SPARK 20 Pro+!

TECNO Pakistan’s latest addition, the SPARK 20 Pro+, has emerged as the best-selling smartphone of the year. This formidable mid-range …

Tecno Pova 5 Pro 5G Announces a Massive Discount for Pakistani Customers, Cutting Prices by PKR 8,000

Tecno Mobile has implemented a significant price adjustment for the Tecno Pova 5 Pro 5G, specifically targeting the 8GB/256GB variant, …

Discount on Infinix Hot 30 & Smart 7 HD

Infinix aims to reignite interest in two of its previously overlooked smartphones by introducing substantial discounts on the Infinix Hot …

By month’s end, the Vivo V30 Pro will be revealed; key specifications and the launch date have been hinted at

The Vivo V30 Pro has officially announced its launch date for February 28th in Thailand. Positioned as the Pro variant …

Apple is Already Working on Next Gen M3 Chip for 2023

Apple is Already Working on Next Gen M3 Chip for 2024

The newest and greatest mobile SoC from Apple has only recently begun to appear in Mac products. The M2 processor, …

TECNO SPARK 20 Launches in Pakistan: Spark Beyond the Ordinary

TECNO, Pakistan’s leading smartphone brand, has recently introduced the highly anticipated SPARK 20, the latest addition to its renowned SPARK …

Tecno Pova 5 Pro 5G is seeking attention by offering a significant price reduction of Rs 6,000 in Pakistan

The Transsion brand recently unveiled a revised pricing structure for its Tecno Pova 5 Pro 5G, presenting a more compelling …


Leave a Comment