As per DigiTimes, industry analysts foresee a 20% year-on-year uptick in worldwide foldable smartphone shipments by 2026. A major catalyst for this market expansion is expected to be Apple's rollout of the foldable iPhone Ultra. At present, the smartphone market is grappling with challenges stemming from a constrained supply of upstream logic chips and escalating memory chip prices. Nevertheless, the foldable smartphone sector is still experiencing growth.