Trendforce: Over 18 million foldables to be shipped in 2023, up 44% from last year

Trendforce published a report predicting that shipments of foldables will increase 44% YoY in 2023. The improved sales will affect the market for hinges in foldable OLED smartphones and will reach $500 million.

Last year saw 12.8 million shipped foldable smartphones, which will jump to over 18.5 million for the calendar 2023, forecasted Trendforce. Samsung sold 82% of all foldables in 2022 because other makers like Xiaomi, Oppo, and vivo are selling their devices in only in China and in limited quantities.

The numbers on foldable sales are just a by-product of the Trendforce…

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