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TrendForce: Global NAND flash memory sales fell 16% in the first quarter

TrendForce Tibco research shows that the first quarter global NAND flash memory industry revenue of about 8.63 billion U.S. dollars (currently about RMB 61.359 billion), down 16.1%, following a 25% decline in the fourth quarter of last year after another double-digit decline.

The company’s revenue is expected to grow by about $7.5 billion in the coming year.

According to Tiburon Consulting, the global economic downturn and the lack of demand for the three major end-use applications (servers, notebooks and smartphones) forced manufacturers to reduce prices to clear inventories, and the global average selling price (ASP) of NAND flash memory fell 15% in the first quarter, which directly led to the overall weak sales.

By company, Samsung Electronics continued to rank first with sales of $2.93 billion (currently about RMB 20.832 billion), down 15.8% sequentially, but with a slightly higher market share of 34.0% compared to the previous quarter.

The second-ranked Japan Armorer recorded sales of $1,851.4 million (currently about RMB 13.163 billion), down just 5.9% from the previous quarter, and its market share rose from 19.1% to 21.5%.

The third-ranked SK Group recorded sales of only $1,315.5 million (RMB 9.353 billion) in the first quarter, down 24.8% YoY, and its market share shrunk to 15.3%, further widening the gap with Armor Man.

Tibco forecasts, as in the second quarter Samsung will also join the ranks of production cuts like Micron, coupled with OEMs as the representative of the main buyers to improve the willingness to purchase, is expected in the second quarter the overall shipments of NAND flash memory will increase by 5.2%, but as manufacturers are still carrying the pressure of inventory clearance, the full product ASP still continues to decline, so the second quarter NAND flash memory industry revenue is expected to continue to NAND flash memory industry revenue is expected to continue to decline in the second quarter, down about 7.9% sequentially.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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