Folding mobile phone panel shipments are expected to increase by 113% in Q2, with Huawei ranking second in purchasing volume

According to CNMO, market research company DSCC predicts that shipments of foldable mobile phone panels will reach 9.25 million units in the second quarter of this year, a year-on-year increase of 113%. Although it's a big jump compared to the same period last year, it's at a similar level compared to last year's third quarter. It is reported that this is because the demand for panels for Samsung’s new foldable mobile phone is about one month ahead of last year.

1. Huawei Folding Screen Phone

Samsung plans to release two new foldable phone models this year: Z Flip 6 and Z Fold 6, about a month ahead of last year’s previous generation. Because of this, the overall construction schedule of Samsung Display, which produces foldable mobile phone panels, and Samsung Electronics, which produces foldable mobile phone finished products, has been advanced by about a month.

2. The influence of Huawei

Of course, the growth of shipments in the second quarter was also affected by Huawei. As demand for foldable phones continues to grow in the Chinese market, Huawei is steadily securing panel supply. Huawei ranked first in the first quarter with a 55% purchase share of foldable mobile phone panels. Ranked first for two consecutive quarters.

3. BOE’s status

BOE, which supplies foldable mobile phone panels to Huawei, has also ranked first in foldable mobile phone panel shipments for two consecutive quarters. BOE’s foldable mobile phone panel shipment share was 43% in the fourth quarter of last year and 48% in the first quarter of this year.

4. Market data

Global shipments of foldable mobile phone panels in the first quarter were 3.94 million pieces, a year-on-year increase of 46%. The two foldable phone models with the largest panel purchases in the quarter were Huawei Mate X5 and Pocket 2. These two models account for more than 50% of the entire foldable mobile phone panel market.

Foldable mobile phone panel market share forecast

DSCC predicts that in the second quarter, Samsung Electronics will regain the first place with a 52% foldable mobile phone panel procurement share, while Huawei is expected to be 27%.

Panel procurement forecast for foldable phone models

• Samsung Z Flip 6 and Z Fold 6 are expected to be the two models with the highest shipment volume.
• Huawei is expected to get the third, fourth and sixth place models.

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