The report states that in Q2 2024, sales of foldable screen mobile phones in China will increase by 125% year-on-year: Huawei ranks first, followed closely by vivo.

Thanks to netizen kinja for submitting the clue! According to news on August 22, according to CINNO Research data, in the second quarter of 2024, the sales of folding screen mobile phones in the Chinese market reached 2.62 million units, a year-on-year increase of 125% and a month-on-month increase of 11%. This has been the fourth consecutive quarter of double growth. Maintain triple-digit year-on-year growth. In the first half of 2024, the cumulative sales of folding screen mobile phones in the Chinese market reached 4.98 million units, a year-on-year increase of 121%, with a penetration rate of 3.6%, an increase of 1.8 percentage points compared with the penetration rate of 1.7% in the same period last year, and the high-end market share of more than 5,000 yuan reached 13%, while This number was only 2% in 2020.

Learned from the report, in terms of market share:

1. In the second quarter of 2024, Huawei ranked No. 1 in domestic market share, with a share increase of 1 percentage point year-on-year;
2. vivo ranked second, a mainstream brand The largest increase in market share was due to its new X Fold3/
3. The report also mentioned that in the second quarter of 2024, the sales volume of China’s folding mobile phone market equipped with AI technology accounted for 42%, a significant increase of 42 percentage points year-on-year and a month-on-month increase of 10 percentage points.

In addition, in Q2 China’s foldable mobile phone market, sales with a folding thickness of less than 12mm accounted for 70%, a year-on-year increase of 47 percentage points and a month-on-month increase of 19 percentage points. The median folding thickness of new phones launched in the first half of 2024 is 14.34mm, which is the same as the iPhone The gap narrows to 6.09mm on the 15Pro Max, while this figure was 8.00mm in 2020.

In terms of weight, from 2020 to the first half of 2024, the weight of new phones launched in the Chinese folding mobile phone market showed a clear downward trend. The median value dropped from 282g in 2020 to 204g in the first half of 2024, with a weight drop of 28 %, which is already lower than the weight of the iPhone 15 Pro Max.

Among the 10 new foldable phones to be launched in the first half of 2024, only 2 are heavier than the iPhone 15 Pro Max, and the remaining 8 are below it.

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