India likely to see 1 mn foldable smartphone sales by 2026, shows data

The current foldable smartphone sales in India is nearly 3,00,000 which is likely to grow to 10 lakh units by 2026, new data showed on Monday.

The country is expected to see 20 times growth in foldable smartphone shipments in the country by 2026 — around 64 per cent growth in compound annual growth rate (CAGR) terms, according to market research firm CyberMedia Research (CMR).

Led by Samsung, its foldable phones have grown four times since 2020 in the country, with Fold device garnering 61 per cent market share while its Flip foldable model reaching 39 per cent market share in the country.