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Foldable Smartphones: Future Trends and Innovations

July 27, 2024

Note: We reveal investment insights through the quotes of top business leaders.

Key Takeaways

  • Apple remains a dominant player in the foldable smartphone market, driven by robust product capabilities, innovation, and strategic investments.
  • Technological advancements, such as Apple's Ultra Retina XDR display with tandem OLED technology, set new standards for precision, color accuracy, and brightness in foldable smartphones.
  • Future applications of foldable smartphones span both consumer and enterprise sectors, with significant potential in AI-driven daily life assistance and advanced tech interactions.
  • Companies like Google and Apple are optimistic about the future of foldable smartphones, emphasizing innovation and user-centric design despite economic challenges.

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Current Market Leaders and Competitive Landscape

Apple remains a dominant player in the highly competitive foldable smartphone market, driven by robust product capabilities, innovation, and customer success. The company is focused on this exciting market, aiming to spur demand through strategic financial investments and marketing efforts.

"And if that's the case and maybe this is for Tim obviously, how are you thinking about the competitive landscape in the context of what you just said maybe outside of China and what changes sort of, the consumer demand or receptivity to new devices because we've been in this malaise for a while." --- (AAPL, earning call, 2024/Q2)

"I think it has been and is through last quarter, the most competitive market in the world." --- (AAPL, earning call, 2024/Q2)

"We believe our position as a Leader in this report is an acknowledgement of our robust product capabilities, investment in innovation, and most importantly the success of our customers." --- (AAPL, press release, 2024/05/16)

"And, you know, given you're struggling to reduce your net -- your -- reach your net neutral cash position and your margins are sort of near highs, do you see ways to deploy capital more to spur replacement demand in your installed base either with greater device financing, more investment in marketing, more promotions." --- (AAPL, earning call, 2024/Q2)

"As you know, as I've said before, I see it as an incredibly exciting market and it's a major focus for us." --- (AAPL, earning call, 2024/Q2)

Technological Advancements in Displays

Apple's Ultra Retina XDR display, featuring pioneering technologies like tandem OLED, extreme brightness, precise contrast, and brilliant colors, represents significant advancements in display technology. These innovations, enabled by the M4 chip, set new standards for precision, color accuracy, and brightness uniformity in foldable smartphones.

"M4 also features an entirely new display engine designed with pioneering technologies, enabling the stunning precision, color accuracy, and brightness uniformity of the Ultra Retina XDR display, a state-of-the-art display created by combining the light of two OLED panels." --- (AAPL, press release, 2024/05/07)

"With its breakthrough tandem OLED technology, extreme brightness, incredibly precise contrast, brilliant colors, and nano-texture glass option, the new Ultra Retina XDR display is the world's most advanced display, giving iPad Pro customers an unparalleled viewing experience. Only Possible with M4" --- (AAPL, press release, 2024/05/07)

Future Applications and Use Cases

Future applications of foldable smartphones span both consumer and enterprise sectors, with significant potential in AI-driven daily life assistance and advanced tech interactions. Current use cases are primarily tech-focused, but ongoing innovations aim to unlock broader, practical applications.

"And more importantly, taking them and translating into real use cases across the consumer and enterprise side, I think on that frontier. I think there is still a lot of" --- (GOOG, earning call, 2024/Q2)

"But most of the use cases today that have been unlocked have been around the tech side." --- (GOOG, earning call, 2024/Q2)

"It shows our progress towards building a future AI assistant that can be truly helpful daily life." --- (GOOG, event transcript, 2024/06/07)

"Sundar, I had a question about smartphone-based AI searches. So you guys are powering all these new AI interactions and searches on Pixel and on Samsung devices, and I think there's speculation that Gemini might be used on iOS in the future state." --- (GOOG, earning call, 2024/Q1)

"capabilities of the models. And more importantly, taking them and translating into real use cases across the consumer and enterprise side, I think on that frontier." --- (GOOG, earning call, 2024/Q2)

Companies like Google and Apple are optimistic about the future of foldable smartphones, emphasizing innovation and user-centric design. They are committed to integrating new capabilities while maintaining core product principles, despite economic challenges.

"It will play out over time, but I feel we are well positioned, and more importantly, when I look at the innovation that's ahead and the way the teams are working hard on it, I am very excited about the future ahead." --- (GOOG, earning call, 2024/Q1)

"As we push innovation forward, we continue to manage thoughtfully and deliberately through an uneven macroeconomic environment and remain focused on putting our users at the center of everything we do." --- (AAPL, earning call, 2024/Q2)

"So as we look to build in these incredible new capabilities, we want to ensure that the outcome reflects the principles at the core of our products." --- (AAPL, event transcript, 2024/06/10)

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