February 5, 2023

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On the Cell International Congress 2022, George Zhao, CEO of Honor, stated on Wednesday that each common telephones and foldable telephones are set to hit the mainstream of smartphones, and that the marketplace for foldable telephones will doubtlessly develop tenfold in 2022. This represents a brand new house of expansion wherein Honor should make investments for its long term.

In January, Honor unveiled its first foldable smartphone, the Magic V. The software includes a self-developed ultra-thin suspension hinge, and the Magic UI 6.0 good running device. The Honor Magic V is sponsored by means of 3 50-megapixel number one cameras for built-in computing images, and a 42-megapixel entrance digital camera on each outward-facing displays. It additionally has a integrated unbiased safety garage chip and a twin TEE safety device. The 12GB+256GB model and 12GB+512GB model are priced at 9,999 yuan and 10,999 yuan respectively.

In a press interview, Zhao stressed out Honor’s core power used to be “to create a awesome revel in that compares to and surpass the Apple iOS”, and he anticipated 2022 because the 12 months of fast scaling of all the marketplace for foldable smartphones.

Sigmaintell’s survey knowledge displays that during 2021, roughly 7.21 million foldable smartphones had been shipped international, up 171.9% year-on-year. The foldable smartphone marketplace is heating up regularly because the era grows extra complex and the fee drops. On the similar time, terminal producers have additionally evolved more than a few varieties of smartphones as upstream units are extra refined.

SEE ALSO: Honor Magic4 Collection Introduced at MWC2022

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Zhao stated that regardless of the lack of chips within the world marketplace, Honor would proceed to put money into the worldwide marketplace and build up funding in merchandise, advertising and marketing, and R&D. Many chip providers now put money into extra initiatives for enhanced supply. He predicted a doubling within the quantity of worldwide gross sales for Honor in 2022.