The latest Canalys report has some bold predictions for the foldable smartphone market in the near future. The early forecast suggests a yearly shipment rate of 30 million foldables in 2024 meaning a compound annual growth rate (CAGR) of 53% between 2021 and 2024. At the same time, Canalys expects the average selling price (ASP) of foldables to drop in half from 2019 values to around $1,000 in 2024.
The foldable segment saw a 148% growth on the per-year basis for 2021 with an estimated total of 8.9 million shipments for 2021. For comparison, the regular smartphone market grew by 7…
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