Samsung in the hotseat as foldable market boom

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What began as a mobile phone novelty has experienced tremendous growth, with foldable mobile phone sales reaching 7.1 million units in 2021.

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According to market researcher IDC, the trend will continue, with mobile foldables expected to reach a market value of $29 billion by 2025.

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The success of Korean IT behemoth Samsung's flagship foldables, notably the Galaxy Z Flip 3 and Fold 3, has accounted for the majority of those increases.

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According to IDC, foldable shipments would expand at a compound annual growth rate of 69.9 percent between 2020 and 2025.

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"The recent success of Samsung's foldable devices has given new life to the category as competitors hurry to enter the market," said Anthony Scarsella, an IDC research manager, in a statement.

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Samsung has demonstrated that there is a consumer desire for foldables... Other vendors have already introduced new foldables this year.

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