Enterprise
Report: Foldables getting much cheaper, thinner in 2024
Huge growth expected by 2024
Have foldables made it as must-haves? Despite growing hype for the form factor, regular users still struggle to call foldables the future of the smartphone market, deterred by exorbitant price tags and niche features. However, foldable makers are still persisting. With time, as described by a new report, the market will eventually overcome its troubles and offer more competitive devices for users.
According to analyst firm Canalys, foldable smartphone shipments will cross 30 million units by 2024. From 2021 to 2024, the segment will have a compound annual growth rate of 53 percent. Last year, foldable smartphones topped at 8.9 million units, ballooned by Samsung’s dominance in the market.
Currently, Samsung is a huge player in the foldable market. Since the Galaxy Fold’s debut years ago, the company gradually developed its own lineup of foldables. As a result, it owns one of the most robust galleries of foldables going into the predicted peak in 2024.
Others aren’t about to be outdone, though. Several companies are also trying to build their lineup. For example, OPPO and Huawei have both released foldable devices recently.
With the trend looking healthy, what’s powering the climb? According to Canalys, companies are working on both hardware and software. Future foldables will be thinner and more user-friendly.
More importantly, future devices will have a cheaper price tag. Companies are trying to match the price ranges set forth by flagship slab phones. If the market’s price does drop, devices can likely top off at US$ 1,000 price tags, instead of offering such prices as a midway point.
SEE ALSO: Upcoming Google foldable might be called Pixel Notepad
Enterprise
Global Connect Show Shenzhen empowers Chinese enterprises
Opportune time for new Chinese enterprises to go global
The Global Connect Show Shenzhen 2026 (GCS SZ 2026) was successfully held on June 1 at China’s innovation hub.
More than 100 Chinese enterprises joined the event, encouraged to expand into international markets.
The program focused on three core pillars:
- Chinese brand going global
- Global channel connection
- Dedicated “Into the Enterprise” series
China has developed a new generation of internationally competitive companies across various sectors, including:
- consumer electronics
- smart hardware
- artificial intelligence
- robotics
As these companies enter a new phase of going global, demand is growing for global communications, brand building, market trust, and localized business networks.
As such, the Global Connect Show is one of the platforms to be able to strengthen the relationship across enterprises, partners, business associations, and even media and influencers.
It is a significant window for innovative brands to enter global retail channels by building compelling brand narratives and developing strong localized operations.
This year’s GCS is the third staging of the show, which consistently aims to match Chinese brands with partners through a results-first approach. Such an approach includes hands-on product experiences, presentations, and one-on-one meetings.
Enterprise
New US-China ban might affect 75% of phones, laptops
Companies can no longer use Chinese labs to test their products.
The United States is continuing its crusade against Chinese technology today. However, the target now isn’t a company from China but a method important to a lot of non-Chinese brands.
Today, via Reuters, the Federal Communications Commission (or FCC) has unanimously voted to prohibit companies from using Chinese labs to test their electronic devices if they are to be sold for use in the United States. Naturally, this includes smartphones and computers.
Notably, the prohibition doesn’t directly target Chinese brands. However, it will still affect a huge swath of the industry. The FCC estimates that around 75 percent of the entire market are devices tested in labs based in China.
This means that companies who wish to sell future products in the country must move their testing to labs in the United States or other countries that it deems secure. At its current iteration, the prohibition will not affect devices that already earned their certification prior. However, it might prevent them from getting recertified once their current one expires.
Now, the prohibition isn’t an absolute lock just yet. The FCC will allow the industry to submit comments about the proposal. But, with a unanimous vote from the FCC, companies might have to start looking for alternative testing sites if they want to stay operation in the United States.
Enterprise
OnePlus has reportedly merged with realme
Both brands were previously rumored for restructuring early this year.
OnePlus has a problem. For a while now, rumors have swirled about the company’s dissolution. For their part, the company has continued to deny the reports, citing business as usual. Likely to their dismay, the reports just keep coming. Today, sources have hinted that OnePlus has merged with realme.
Back in January, it was rumored that OnePlus would be closing up shop this year. Since the company very quickly denied the rumors, the report hardly made waves. However, a suspected merger with realme is more difficult to debunk.
For one, realme is itself in a very interesting position. Also back in January, realme was reportedly moving back into being a sub-brand of OPPO. Coupled together with the OnePlus debacle, all this internal restructuring seems par for the course.
According to Digital Chat Station on Weibo, OnePlus and realme have already concluded the merger. The two brands have reportedly united their Chinese and international operations under one roof. Likewise, their marketing will be the same. Pete Lau will still be the main head for this new division.
As with anything of this nature, take this with a grain of salt. OPPO, OnePlus, and realme have not issued any official statements concerning a merger or a shutdown for any brand.
SEE ALSO: realme is reportedly going back to being an OPPO sub-brand
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