India a lucrative market for super-premium foldable phones
The shipments of foldable, flexible or rollable display phones will grow to reach 228 million in 2028 globally, according to technology and strategic guidance firm ABI Research, and India is likely to be a major contributor, thanks to a stellar performance by Samsung Galaxy Fold.
The South Korean tech giant has sold nearly 4 lakh Galaxy Fold smartphones globally, while Chinese telecom and handset giant Huawei has claimed that it is selling 1 lakh units of its foldable ”Mate X” in China every month.
This new segment of dual-purpose devices which features a large-screen like a tab with the portability of a phone is expected to expand their customer base in India among millennials, according to industry experts.
