Honor's Magic V2 has become Western Europe's top-selling foldable phone, pushing for 12% market share in global competition. Clamshell design foldable phones are on the rise, making up 55% of global shipments as Samsung faces fierce competition in the market.

Huawei has emerged as the top company when it comes to global foldable smartphone shipments in Q1 2024, beating Samsung, which had been ruling the market since the launch of its first foldable smartphone.

According to data from market research firm Counterpoint, Samsung has lost the first position in the global foldable market share and Huawei has captured the top spot. While Samsung came in second, Honor and Motorola have also achieved significant success,

Samsung has been the leader in foldables since the beginning, but the company has now officially lost its crown as competition heats up and Galaxy foldables stagnate. For years, Samsung was a dominant player in the foldable market.