Market is predicted to hit US$42 billion by 2027, accounting for 50 million units annually, as Google marks its first entry in the category with its US$1,799 Pixel Fold.
Google I/O 2023 is happening today, May 10, and will be live-streamed on Google's YouTube channel. Expect the launch of the Pixel 7a, Pixel Fold, PaLM 2, and Android 14 updates focusing on foldables, tablets.
Smartphone makers are eyeing the foldable market, with companies such as Samsung, Xiaomi, Motorola making big strides in the foldable space. Now, OnePlus is also making its foray into the sector, and will reportedly launch its first foldable in August.