DSCC Sees Triple-Digit Second-Half Foldables Growth

About 819,000 foldable smartphones were sold globally in Q2, up 147% sequentially and 0.3% growth year over year, reported Display Supply Chain Consultants Monday. In Q3, DSCC expects 215% quarter-on-quarter and 480% year-over-year increases to 2.6 million. It’s forecasting 46% quarter-on-quarter and 450% year-over-year growth in Q4 to 3.8 million. It credits the launch of Samsung’s “aggressively priced” Z Flip 3, $999, and the debut of Samsung’s “full featured” Z Fold 3, $1,799. “These attractive products are backed by a reported $2B spend by Samsung in promotions and marketing which are significantly increasing consumer awareness of foldable smartphones,” said DSCC CEO Ross Young.