India To Sell 35,000 Foldable Smartphones By 2022, According To A Report

India to sell 35,000 foldable smartphones by 2022, according to a report

New Delhi, Dec 15 : Foldable smartphones are set to witness a massive 638 per cent jump in sales in India in 2021 and are expected to touch a record 3 lakh units sales in 2022, a new report showed on Wednesday.

 India To Sell 35,000 Foldable Smartphones By 2022, According To A Report-TeluguStop.com

The foldable smartphone revenues are expected to grow by 60 per cent next year, translating in Rs 3,200 crore for the industry that will include Samsung and a few more original equipment manufacturers (OEMs) expected to launch their foldable smartphones in 2022, according to data provided by market research firm Techarc.

“In terms of sales volumes, the market is likely to cross 3 lakh units in 2022, which will be close to 7 per cent of the luxe segment of smartphones,” said Faisal Kawoosa, founder and chief analyst, Techarc.

In 2022, three-four smartphone OEMs are expected to launch foldable smartphone form factors giving consumers wider choice.

Samsung is the only smartphone OEM with commercially available foldable smartphones for the past 3 years.

“The revenues from foldable smartphone sales for Samsung in India are expected to cross Rs 2,000 crore by the end of calendar year 2021.This will be close to 5 per cent of Samsung’s total revenues from smartphones in India,” the report noted.Samsung launched the third generation of Samsung Galaxy Z Fold as well as Samsung Galaxy Z Flip this year.Both the foldable smartphones have seen good response from the market, though the foldable form factor sells more than the flip form factor.”The foldable smartphones offer unique proposition for users in the luxe segment, and going forward in premium and sub-premium segments, where the users can continue using the smartphones without any compromise on the pocketability (portability) of the smartphones as well as transform it for rich content consumption,” the findings showed.
na/dpb

3 lakh foldable smartphones to be sold in India in 2022: Report

The revenues generated by foldable smartphones in India for Samsung are estimated to exceed Rs 22,000 crore by 2021.The report stated that this will represent close to 5% of Samsung’s overall revenues from India smartphones.
Samsung has launched its third generation Samsung Galaxy Z Fold and Samsung Galaxy Z Flip in this year.

The market has responded well to both the flip and foldable smartphone models, but the flip is more popular.

The findings revealed that foldable smartphones are a unique offering for consumers in the luxury segment and in sub-premium and premium segments.They allow users to continue using their smartphones with no compromises on portability and pocketability.

Users can also transform the smartphone for rich content consumption.

#India #foldable #Delhi #Delhi #New Delhi #Samsung #Galaxy

Disclaimer : TeluguStop.com Editorial Team not involved in creation of this article & holds no responsibility for its content..This Article is Provided by IANS, Please contact IANS if any issues in Article .


Follow Us on FacebookFollow Us on WhatsAppFollow Us on Twitter