DSCC releases Q2 folding screen panel market report: Huawei is not the first, Q3 will drop sharply from the previous quarter

Technology News (Author/Liu Yukun)

On August 15, the research organization DSC C (Display Supply Chain Consulting Company) released the second quarter report of the folding screen mobile phone panel market:

1. Shipments hit a new high in the second quarter A new high, but it is expected that the third quarter will face challenges and competition will further intensify
2. Global folding screen smartphone panel shipments reached a new high in the second quarter of 2024, with a quarter-on-quarter growth of 151% and a year-on-year growth of 126%, with total shipments reaching 980 Thousands of pieces. Mainly due to the early launch of Samsung’s latest folding screen phones Galaxy Z Flip 6 and Z Fold 6. The second quarter is expected to be the highest peak for folding screen panel shipments in 2024.
3. Samsung accounted for 48% of the folding screen panel procurement market in the second quarter, followed by Huawei with a market share of 29%. This ranking is in sharp contrast to the first quarter, when Huawei was far ahead of Samsung by 53% to 21%. In terms of panel purchase volume, Samsung’s Galaxy Z Flip 6 and Z Fold 6 ranked in the top two respectively, followed by two models from Huawei and one model from Honor.
4. Looking ahead to the third quarter, foldable screen smartphone panel shipments are expected to drop 30% month-on-month and 21% year-on-year to 6.9 million pieces. Although it is still the third highest in history, the third quarter will be the first quarter to show a year-on-year decline due to Samsung's adjustment in launch time. Samsung's market share is expected to increase slightly to 49%, while Huawei may drop to 16%.

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