Xiaomi Mi MIX Fold to ship 500,000 units this year
Xiaomi is the latest smartphone manufacturer in the industry to release a foldable smartphone. It joins the likes of Samsung and Huawei which already have different generations of foldable devices. According to reports, the foldable smartphone market will increase rapidly. Also, the demand for polyimide film (CPI) will significantly increase. Insiders report reveal that Xiaomi hopes to sell no less than 500,000 Xiaomi Mi MIX Fold in 2021.
According to the quarterly report on brand shipment analysis of the global smartphone market by Luotu Technology, in the first quarter of 2021, Xiaomi set the best record in a single season with 49 million units shipped. The company records the highest growth rate with more than 60%. This makes Xiaomi the fastest growing brand in the world. In China, the company also gained a 16% market share with a growth rate of over 70%.
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