Honor says that based on sales data from all its channels, the sales in just the first week after the launch were 75% higher than what the company saw with the foldable’s predecessor, the Honor Magic V3.
Reportedly, both e-commerce platforms and Honor channel partners report there is a significant growth since the phone was introduced. Last year, Honor became the fastest-growing book-type foldable maker in Europe. Its market share tripled to 34%, according to a Counterpoint Research report.
The HONOR Magic V5, with industry-leading slimness and revolutionary AI features, is truly a game changer. We are delighted to see that customers across Western Europe are excited to get their hands on our latest foldable smartphone
-Adam Cao, President of HONOR Western Europe.
Cao also says that these initial sales reflect also a strong market interest for AI-powered foldable smartphones.
The Honor Magic V5 is super thin while still maintaining durability and an IP58 and IP59 rating for dust and water resistance. The foldable sports a reliable 5,820 mAh silicon-carbon battery and a new AI Falcon Camera System. The camera features a 64 MP Ultra Sensing Periscope Telephoto lens as well.
The Magic V5 sports a 7.95-inch inner display and a 6.43-inch cover screen, both supporting stylus input. You can run up to three apps simultaneously thanks to Multi-Flex mode.
The phone can be yours starting at £1,699.99 (16GB + 512GB) in the UK and €1,999 (16GB+512GB) in Europe.
In my opinion, there’s a growing popularity for foldable phones as well, especially thin and refined ones. It’s not just Honor, Samsung has also been enjoying some nice popularity with its recently revealed Galaxy Z Fold 7 phone. All in all, the foldable market seems to be catching people’s attention, finally, and I think this is great. In the meantime, Apple is yet to announce a foldable iPhone, which is something I’m eager to see (probably, next year).
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