The smartphone market monitoring report released by market research organization Omdia shows that in the third quarter of this year, Glory took the first place in China’s folding smartphone market shipments with a 28% market share.
The data show that the scale of folding screen phone shipments in China in the third quarter exceeded 1.7 million units, in which glory ranked first with 28% market share, compared with its folding screen phone shipments in the same period last year, an increase of 17 times.
Among them, Glory Magic V2 became the No. 1 single product in China’s folding screen phone market with 25% market share.
Omdia said that China’s folding phone market is still experiencing rapid growth, but as a new form of smartphone, the research and development and design of folding phones have high technical innovation requirements.
Overall, under the premise of ensuring the stability of the product, to achieve the ultimate product thin and light and low cost, for manufacturers is a considerable test.
The new folding product Magic V2 released by Glory in mid-July was highly recognized by the market with its extremely thin and light size parameters, which made it break through 800,000 units sold in just over four months.
Immediately following Glory was Huawei, which came in second with a 26 percent market share, and when simply added together, the two had a 54 percent market share, occupying half of the domestic folding screen market.
The organization also concluded that with the gradual upgrading of the product experience of Chinese brands and the expansion of the international market, the share of Chinese manufacturers in the global folding screen market will also increase rapidly in the future.
