TECH - Foldable Phones Battle For Market Share: Samsung Leads Apple Absent | Benzinga

The smartphone industry, excluding Apple Inc. (NASDAQ: AAPL), is betting on the potential revival of "foldable" phones, aiming to breathe life into a sluggish mobile market. 

Despite being on the market for a few years, these devices, featuring screens that open like a book, have struggled to capture mainstream consumer interest, constituting just over 1% of the global smartphone market, according to a report by The Financial Times.

Samsung Electronics Co (OTC: SSNGY), the world's largest smartphone manufacturer, has heavily invested in marketing its 5G Galaxy Z series this year, standing firm on the belief that foldable devices may constitute a third of smartphones priced above $600 by 2027, the report read.

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