Foldable Phones to Reach 30 Million Units by 2023: Gartner

“We expect that consumers will use a handheld phone because they can do their regular smartphone, picking up it hundreds of times daily, unfolding it sporadically and typing on its plastic display, which may scratch quickly based on the way it folds,” Roberta Cozza, Research Director at Gartner, said in a statement.

“Through the next five years, we anticipate foldable phones to remain a market product because of several production challenges. Along with the surface of the screen, the cost is a barrier we expect to diminish with time. Currently priced at $2,000 (approximately Rs. 1,39,000), foldable phones present too many trade-offs, even for many early technology adopters.”

However, in 2020, the cell phone market is forecast to return to expansion, using a Freight increase of 1.2 percent from 2019.

“Users have reached a threshold for new technologies and applications, which means that unless new models provide significant new utility, efficiency or experiences, users don’t desire or need to upgrade,” Cozza added.

Nevertheless, vendors need to realise that customers are extending the lifetime of their phones.

The market research company expects the typical high-end telephone lifetime to increase from 2.6 years to 2.8 years through 2023.