Apple is the only major smartphone company without a foldable

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Though foldable phones are still a tiny fraction of the market, they command higher prices and open the door to new features, helping lower-tier brands step up into the premium range.

Market observers expect this segment to be the fastest-growing area in an otherwise shrinking smartphone field.

For now, foldables are an Android-only contest, dominated by Samsung Electronics Co. on the global stage.Xiaomi Corp., Huawei Technologies Co., Vivo and Oppo each have several models on the market now. Close collaboration with local suppliers helps improve portability and affordability quickly, according to an Honor spokesperson, and 90% of the top 5,000 apps in China have already been adapted for foldable devices.

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