Foldable smartphones are important, even if you never get one
Samsung recently announced its second-generation Galaxy Z Fold 2 5G and Microsoft announced its Surface Duo foldable devices. Others have tried foldables in the past with limited success (LG, Huawei, Motorola), so why push these out these now?
The market for smartphones has gone tepid, with overall sales falling (and not just because of COVID-19). With little incentive to upgrade due to a lack of major compelling new features, couple with increasing prices on premium smartphones, people are keeping their devices longer. (This is true for both Android and iOS phones.)
Users who once kept their devices for an average of 12 to 18 months now routinely stretch that out to a more PC-like 24 to 36 months. Vendors believe, rightly so, that new and innovative products will drive sales in an otherwise saturating market – Apple has played this strategy well over the years. And innovative new products like foldables can drive a renewed interest and increase sales.