Core Insights - The global foldable smartphone market is experiencing continuous growth, particularly in China, driven by technological advancements and an improved supply chain, leading to product diversification [1] - China has emerged as a major growth engine for the global foldable smartphone market, with Huawei maintaining a significant market share and leading the industry [1][18] - User willingness to purchase foldable smartphones is increasing, with higher expectations for product functionality and experience [1] - The transition from niche to mainstream market for foldable smartphones is anticipated, with sustained demand growth and a focus on hardware optimization, software ecosystem development, and enhanced user interaction experiences [1] Market Overview - The global smartphone market has entered a phase of stock competition since 2017, with annual shipment volumes declining by approximately 2.52%, projected to reach 1.22 billion units by 2024 [2] - The flat smartphone market has become saturated, prompting manufacturers to innovate product forms to explore the high-end market [5] Competitive Landscape - The foldable smartphone industry chain includes upstream raw material supply, midstream design and manufacturing, and downstream sales [7] - Chinese foldable smartphone manufacturers, such as Huawei and Samsung, are leading the industry chain with strong technological capabilities and market influence [7][8] User Behavior and Preferences - The majority of foldable smartphone users are male and female, with a higher preference among first-tier and new first-tier city users [20] - Users with higher education levels, particularly those with a bachelor's degree or above, show a greater preference for foldable smartphones [20] - The price range for most users' foldable smartphones is between 5,000 to 9,000 yuan, with Huawei being the most used brand at 62.3% [22] Purchase Motivations - The key reason for purchasing foldable smartphones is the stronger sense of technology and futurism, accounting for 44.7% of users [24] - Users have a substantial budget for purchasing foldable smartphones, with 28.4% willing to spend between 8,000 to 10,000 yuan [24] Brand Recognition and Image - Huawei leads in brand recognition across various dimensions, including high-end perception, business style, technological innovation, and reputation [26][28] - Users express high satisfaction with Huawei products, indicating strong user recognition and loyalty [30] User Experience and Pain Points - Current user satisfaction is highest for Huawei, followed by Xiaomi and Samsung, with a notable willingness to recommend these brands [30][31] - Users report pain points related to hardware durability, such as screen wear and tear, and software issues like poor visual effects [39] Future Outlook - Over 90% of consumers are considering purchasing a foldable smartphone for their next device, focusing on reliability, battery life, and hardware specifications [41] - The foldable smartphone market is transitioning from a niche to a mainstream product, with 95.5% of consumers willing to switch to a foldable device in the future [47]

Core Viewpoint - Honor has launched the stylish wallet foldable screen Honor V Purse, indicating a significant shift in the foldable smartphone market towards mainstream adoption [1] Industry Insights - In 2021, global shipments of foldable smartphones exceeded 9 million units, capturing 4% of the high-end market [1] - It is projected that by 2027, foldable smartphone shipments will surpass 100 million units, with a high-end market share reaching 39% [1] Company Strategy - Honor's CEO Zhao Ming emphasizes that the lightweight design is the primary technological strength of foldable screens, which can blur the lines between foldable and traditional flat-screen devices [1] - The company believes that foldable screens are not a niche market and have the potential to replace existing flagship flat-screen smartphones [1]

Group 1: Huawei's New Product Launch - Huawei will hold a product launch event on November 25, featuring the Mate 80 series, Mate X7, and various new products [1] - The Mate 80 Pro Max is expected to debut, indicating significant upgrades in performance, imaging, innovative technology, and smart experience [1] Group 2: Foldable Smartphone Market - Huawei continues to lead the foldable smartphone market with nearly 70% market share, as reported by IDC, with shipments reaching 2.63 million units in Q3 2025, a year-on-year increase of 17.8% [1] - TrendForce forecasts that global foldable smartphone shipments will grow to 70 million units by 2027, with a compound annual growth rate exceeding 40% [1] Group 3: Company Information - ShuoBeide is identified as a core supplier of mobile phone antennas [1]