According to industry sources, since November, Huawei has begun mass production of its next-generation foldable smartphone. This phone will compete with Samsung’s Galaxy Z Flip 3, and the price should be lower. Electronic Times reports that at an investor meeting on November 25, Zhaoli Technology reveals that it has begun mass production of a new foldable smartphone hinge for a customer. This new device generally requires less than its predecessor thus the rate of return is higher. Although Zhaoli Technology did not specify the customer’s name, industry observers believe that it refers to Huawei.
There are not many brands with foldable smartphones in the market, thus, it is not difficult to guess. As consumers’ enthusiasm for lightweight and high-resolution smartphones fades, major companies are now focusing on the development of foldable smartphones. After seeing the success of Samsung Galaxy Z Flip 3 sales, other companies including Huawei have also accelerated the production of their own foldable devices.
However, despite the popularity of foldable smartphones, they have just entered the market and are extremely expensive, often twice as high as ordinary smartphones. Therefore, when Samsung decided to launch the Galaxy Z Flip 3 at a low price in August this year, it achieved sales of more than 1 million units in just 40 days.
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According to reports, Samsung plans to increase shipments of foldable smartphones. The company is seeking to increase its shipments from 7 million to 13 million by 2022. This will include 4 million Galaxy Z Fold and 9 million Galaxy Z Flip. Due to the restrictions of Sino-US trade friction, its rival Huawei is currently lagging behind in foldable smartphones.
According to DigiTimes Research, global shipments of foldable smartphones will exceed 100 million units by 2025. By 2026, this figure will exceed 150 million units. The agency pointed out that if Apple decides to join this battlefield, this number will be reached sooner.
Huawei foldable smartphone may launch this year
Huawei’s new foldable phone will also launch later this year or next year. Google, Xiaomi, Oppo, and Vivo also plan to release new foldable models soon. According to Ross Young, Huawei as well as Oppo will release foldable smartphones at the end of this year.
Just this month, Huawei launched the Mate X2 Collector’s Edition foldable smartphone. This device comes with 12GB of RAM and 512GB of internal storage. In addition, this device comes with 18,999 yuan ($2974). This smartphone comes with the Kirin 9000 5G chip and supports 11 5G frequency bands. This is consistent with the Huawei Mate 40 Pro 5G network frequency band. It is currently Huawei’s most powerful 5G flagship mobile phone.