DSCC’s latest report shows that previously expected the fourth quarter of 2022 foldable panel shipments of 5.4 million, but now see the possible results will be 2.9 million, a decrease of 46%.
The report notes that foldable panel shipments are expected to fall 54 percent sequentially and 26 percent year-over-year in the fourth quarter of 2022. Sales of the Samsung Galaxy Z Flip 4 and Z Fold 4 have slowed accordingly. iPhone 14 series has taken away some of the attention and sales, while the Z Fold 4’s on-sale price of $1,799 is still too high in the current economic climate.
The DSCC says the Z Fold 4 and Z Flip 4 are expected to see year-over-year declines in the fourth quarter compared to their predecessors, but the third quarter is up year-over-year, and thus still relatively up for the entire year of 2022.
DSCC also expects 13.2 million foldable smartphone terminals to be shipped, compared to 15.3 million previously expected, due to weak overall market demand in the fourth quarter of 2022.