Foldable smartphone revenues to touch ₹3,200 crore in 2022
3 years ago

Foldable smartphone revenues to touch ₹3,200 crore in 2022

Live Mint  

The foldable smartphone revenues are expected grow by 60 per cent in 2022 which will translate in ₹3,200 crore of revenues for the industry that will include Samsung and a few more OEMs expected to launch their foldable smartphones in 2022. Both the foldable smartphones have seen good response from the market, though foldable form factor sells more than the flip form factor. For Samsung, foldable smartphone form factor is expected to fetch over ₹2,000 crore of revenues in calendar year 2021, which will be equal to around 5% of company’s revenues from the smartphone business. This will translate into 7 times growth in foldable smartphone revenues for the company comparing calendar year 2020.

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