Galaxy Z Fold 5 and Flip 5: Can Samsung convince you to buy a foldable phone?

Right now the overall phone market is in decline – about -14% according to the latest estimates – and Apple’s iPhone shipments are also down year-on-year by -2.3%. Yet the nascent foldable phone market continues to grow.

Analyst firm IDC forecasts foldable shipments to reach 21.4 million units in 2023, up 50%. And that the compound annual growth rate from 2022 to 2027 will be 27.6%, reaching 48.1 million units at that point. However, there are a lot of people who haven’t bought a foldable phone yet, and Apple’s iPhone Flip or foldable iPhone could be in another year or two.

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