Several Manufacturers Exit the Foldable Smartphone Market

A recent report reveals that sales and demand for foldable smartphones in lower-income markets are relatively low, prompting manufacturers to withdraw from these markets.

Additionally, it has been noted that traditional budget smartphone manufacturers are no longer planning to produce foldable devices. This decision is partly due to the low demand but also because the manufacturing and maintenance of such devices (including parts and repairs) are complex and expensive.

Three budget smartphone manufacturers have completely halted plans to develop and produce foldable devices. These companies are Infinix, Itel, and Tecno. While these brands may be less familiar to Western consumers, they are highly popular in several Asian countries.

In the short term, this change is unlikely to affect us significantly, as these manufacturers have minimal presence in Western markets. However, in the long term, it could mean that brands like Samsung, Motorola, and Honor/Huawei are unlikely to lower the prices of their foldable screen models.