IDC: Foldable shipments to reach 48.1 million units by 2027

Foldable phones have been around for a few years now but their shipments are nowhere near the levels of traditional bar smartphones. The latest IDC report forecasts a healthy increase in the number of foldable shipments in the year to come with an estimated 48.1 million flip and fold devices making their ways to consumers in 2027. At that point, the CAGR (compound annual growth rate) of foldables for the 2022-2027 period is expected to surpass traditional smartphones by tenfold. The new IDC report sees foldables earning a combined 3.5% market share by 2027 compared to the 1.2% for...

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