Foldable Phones to Reach 30 Million Units by 2023: Gartner

“We expect that users may use a foldable phone as they can do their regular smartphone, picking up it countless times daily, unfolding it sporadically and typing on its plastic screen, which may scratch fast based on how it folds,” Roberta Cozza, Research Director at Gartner, stated in a statement.

“Through the next five years, we expect foldable phones to remain a market product due to several manufacturing challenges. In addition to the surface of the screen, the cost is a barrier we expect to diminish with time. Now priced at $2,000 (approximately Rs. 1,39,000), foldable telephones present too many trade-offs, even for many early technology adopters.”

However, in 2020, the cell phone market is forecast to return to growth, using a Freight increase of 1.2% from 2019.

“Users have attained a threshold for new technologies and software, meaning that unless new versions provide significant new utility, experiences or efficiency, users don’t want or need to upgrade,” Cozza added.

Nevertheless, vendors will need to realise that customers are extending the duration of the telephones.

The market research firm expects the typical high-end telephone lifetime to increase from 2.6 years to 2.8 years through 2023.


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