<p>Fitting from flagship devices launched in mid-2024. Xiaomi recorded the highest YoY shipment growth among foldable brands at 185%. This surge was driven by the launch of its first clamshell foldable, the Mix Flip, and its official debut in markets outside China. As a result, Xiaomi's global foldable market share rose to 6% in Q3 2024, its highest since entering the foldable market in Q1 2021.</p><p>Jene Park, senior analyst at Counterpoint Research, commented that the global foldable market appears to have entered a transition phase, facing challenges as it shifts from a niche segment to the mainstream. User satisfaction remains particularly high with book-type foldable devices, but prohibitively high prices continue to be the biggest obstacle to mass adoption. "If manufacturers focus on improving price accessibility, along with enhancing technological reliability and consumer perceptions, this phase could be successfully navigated," said Park.</p>

2024 A challenging year for foldable smartphones

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.