China accounts for over a third of global folding smartphone sales, making it the primary battleground for Apple's upcoming foldable iPhone Duo priced at $1,999 in the U.S.
Local market leader Huawei and competitors like Xiaomi have seen surging foldable sales, with Huawei's Pura X Max sales growing 77% following Apple's initial product announcement.
Counterpoint Research projects Apple will capture a quarter of the global foldables market and sell up to six million foldable iPhones in its debut year.