00:00It's Benzinga bringing Wall Street to Main Street
00:02Demand for foldable smartphones in China is surging ahead of Apple's iPhone Duo launch,
00:06signaling strong interest in the category.
00:08According to The Wall Street Journal, China accounts for more than a third of global foldable
00:12smartphone sales.
00:13According to CounterPoint Research, Huawei leads the market and said sales of its Pura
00:17X Max jumped 77% during the four days after Apple announced the Duo, while Xiaomi also
00:23reported record first-week sales for its 18-fold.
00:27Foldables remain a small part of the broader smartphone market, representing about 4%
00:31of sales in China and 2% globally.
00:34CounterPoint projects Apple could sell up to 6 million foldable iPhones this year and capture
00:3825% of the global foldables market.
00:41Apple didn't respond to The Journal's request for comment.
00:44For all things money, visit Benzinga.com
