New Delhi, July 7 : The global foldable smartphone market increased 64 per cent (on-year) in the first quarter (Q1) this year, based on sell-in volume, to reach 2.5 million units, a report showed on Friday.

This is significant because the foldable market rose amid a 14.2 per cent year-on-year decline in the overall global smartphone market during the same period, according to Counterpoint Research.

The robust growth in the global foldable market was largely driven by the growth in the Chinese foldable market.