foldable market.. The flip phones of today are quite different from those of around ten years ago. Regarding contemporary clamshell foldables, Samsung and Motorola are leading the way, although a number of other manufacturers have since entered the market. Honor, a Chinese manufacturer, has officially announced that it would be releasing a clamshell foldable of its own. The Magic V2, the company’s book-style foldable, has already made waves with its svelte design.
competition in the flip foldable market
Honor CEO George Zhao told CNBC at the current Mobile World Congress that the company plans to deliver a foldable flip phone this year, adding that it is presently in the “final stage” of internal testing. Zhao provided no other information on this gadget, but we’re interested in finding out how much it will cost.
Friend This week at MWC, ZTE, a Chinese manufacturer, introduced the Nubia Flip 5G, the company’s first foldable flip phone with a $600 price tag for international markets. In the meanwhile, the Motorola Razr, which starts at $700, is the closest thing to an affordable foldable in the US. Honor will thus have to do so in the face of fierce competition, especially in areas like Asia and Europe, if it chooses to jump on the bandwagon.Honor hasn’t really taken off in the international markets despite being around for a few years, yet it does have a respectable market share in China. In the next three to five years, Zhao hopes that Honor’s sales outside of China will surpass those in China. These designs could include a significant use of this clamshell foldable.
What is the market for foldable phones?
Honor is expected to release a foldable flip phone that is more reasonably priced, similar to what manufacturers like Tecno, Motorola, and ZTE have done. Currently, the company’s Magic V2 foldable retails for over $2000 in some European regions. The official did not say if the business planned to release the new flip phone in the United States, but given previous performance, we are not holding our breath.Like most major smartphone manufacturers nowadays, Honor took some time to explain how artificial intelligence would function with its existing handsets. The Honor Magic 6 Pro, which will soon have fancy features like AI-powered eye tracking, served as a demonstration of this. Throughout the session, Honor also demonstrated an AI chatbot built on Llama 2.
How well are foldable phones selling?
The CEO of Honor also revealed to CNBC that the business is developing a smart ring with a health theme in an effort to divert attention away from Samsung’s recent unveiling of the Galaxy Ring. Although Zhao acknowledged that it’s being worked on internally, she didn’t elaborate on what this ring would provide. It’s still unclear if Honor plans to introduce this smart ring in 2025 or this year. Though there’s nothing to get excited about, the business is still planning to release the previously announced flip phone this year.
