A conference was held recently Samsung mobile experience with its suppliers to discuss various strategies related to the foldable devices market. Very interesting data emerged from the meeting that could indicate the future course of the electronics market.
At first glance, it appears that the foldable smartphone market is incredibly buoyant. In fact, the market is expected to grow by 80% by 2025. Samsung also revealed that these devices are particularly strong among young adults: the rate of 20- to 30-year-old users who switched to Samsung’s foldable has quadrupled.
The meeting ended with a rather interesting detail. According to Samsung analysts, Apple will release a foldable device by 2024. However, it will not be an iPhone, but a tablet or laptop. This analysis is already consistent with an analysis previously performed by CCS Insight. In fact, Apple never developed such a product, and starting with an iPhone would be very risky. Therefore, the company prefers to test the waters with an iPad and then decide what to do as soon as it sees sales.