Huawei is to Launch Three New Foldable Phones at Lower Prices

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Huawei plans to launch three new foldable smartphones in the second half of 2021, Digitimes reported yesterday, citing industry sources. It has learned that Huawei launched the Mate X2 in February this year.

Huawei is likely to adopt friendlier pricing and is expected to target the entry-level market to spur demand and sales of foldable smartphones, the sources said.

Other smartphone makers, including Samsung Electronics and Asustek, are also likely to introduce new foldable models in the second half of this year.

Digitimes Research estimates that global shipments of foldable smartphones could reach 7 million units in 2021, up from an estimated 2.8 million units a year ago, thanks to the new launch.

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The popularity of new foldable smartphones will also increase global shipments of AMOLED panels in foldable smartphones to 12 million units in 2021 from 4.4 million units a year ago, according to DigiTimes Research.

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