DSCC Projects 107% Increase in 2022 Foldable Smartphone Shipments

Foldable smartphone shipments rose 571% globally to 2.2 million handsets in Q1, the third best quarter on record, though units were down 47% sequentially from the record-high 4.2 million units in Q4, reported Display Supply Chain Consultants Tuesday. Samsung continued to dominate the category, but its share fell to 74%, while Huawei’s share jumped to 20%, said DSCC. No other brand had more than a 2% share, it said. Though 2022 will be a challenging year for most display applications, foldable smartphones will see strong growth, said DSCC CEO Ross Young: “We expect a 107% increase in foldable smartphone shipments to over 16M units.”