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| Shipments of foldable smartphones in the Chinese market surged 114.5 percent in 2023 over the previous year, an industry report showed. |
| Shipment volume of such phones exceeded seven million units last year, marking a year-on-year increase of over 100 percent for four consecutive years, according to the report by global market research firm International Data Corporation. |
| The report attributed the breakout growth to improved consumer experience and a further decline in prices. |
| In 2023, foldable smartphones costing $1,000 or more took 66.5 percent of the market share, down from 81 percent registered in 2022. |
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