Flip phones turn out to be a flop

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Foldable smartphones, once seen as the future, face declining sales in India. Shipments fell significantly in 2024 and early 2025. Consumers find them fragile and expensive. Analysts expect this niche segment to remain small. Counterpoint Research forecasts a potential turnaround, but overall growth is slow. Even developed markets show flat sales. Brands continue to innovate despite challenges.