#Compare galaxy phones upgrade

'Currently, I think foldables will remain a lucrative niche with good margins and premium positions,' Ben Wood, chief analyst at CCS Insight, told CNBC via email.

#Compare galaxy phones upgrade

And, as people who've held on to their phones for longer near their chance to upgrade or trade their old phone in, they're more likely to buy the top-of-the-range smartphones rather than older, less advanced ones. Still, that gives the industry ample room to grow. But foldables accounted for just 1.1% of the total smartphone market last year, according to IDC data. The market expects foldable phone shipments to double to 30 million in 2023. In 2022, it commanded an 80% share of global foldable shipments, according to Canalys. The firm launched its first foldable handset in 2019. Still, Samsung remains the market leader. Motorola plans to bring out a new version of its foldable Razr device later this year. And Honor, the spinoff brand from Huawei, launched its Magic Vs for international markets. In February, Chinese vendor Oppo launched the Find N2 Flip. Samsung faces competition in this category from a slew of rival phone makers, mainly Chinese firms, that are challenging the company with their own folding devices. Personal Loans for 670 Credit Score or Lowerįoldables, or phones that bend in half, remain a niche part of the smartphone market. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit