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Global shipments of foldable smartphones are forecast to cross 100 million by 2027, the technology analyst firm Counterpoint Research claims, adding that Samsung and Apple are expected to dominate the market, even though the latter is yet to release a foldable phone.

Shipments of foldable smartphones grew by 64% year-on-year in the first quarter of 2023 based on sell-in volume, the technology analyst firm Counterpoint Research says, adding that this took shipments to a figure of 2.5 million units.

Shipments of foldable smartphones have been predicted to grow by 73% year-on-year in 2022, with the forecast from tech analyst firm Counterpoint Research rather coincidentally coming on the same day that Samsung launched its latest foldable devices in New York.

Foldable smartphones, not everyone's cup of tea after some models received a less than stellar welcome, are still expected to ship 18 million units by the end of 2022, the technology research firm Counterpoint Research says.

Application processor chipsets from Samsung Electronics used in smartphones took the third spot globally in 2019 for the first time, passing Apple, the tech analyst firm Counterpoint Research says, adding that the company and Huawei Technologies were the only two to increase their market share last year.