Foldable phone shipments are up, but the biggest brands in North America lag behind

What you need to know Huawei was the leader in global folding phone shipments for the first time in the first quarter of 2024. The company overtook Samsung, which was the previous shipment leader, amid concerns that Samsung is becoming complacent with its Galaxy Z Fold and Z Flip brands. Honor and Motorola found success outside of China, signaling that North American brands are struggling to attract buyers. According to the latest reports from analyst firms Counterpoint Research and IDC, the smartphone industry appears to have fully recovered following a down period. The overall market is expected to grow by…