DSCC Raises Its 2023 Foldable Smartphone Outlook as Lower Panel Prices Fuel Android Brand Interest

Published June 19, 2023

DSCC has raised its outlook for foldable smartphone shipments for 2023 by 4% to 19.3M units, which is up 50% Y/Y due to sharply lower panel prices from Chinese OLED suppliers resulting in lower product prices and stronger demand. Motorola will not be alone in launching a clamshell foldable at $799 with China’s Honor and Tecno expected to follow at similar or even lower prices as clamshell foldable panel prices fall rapidly. In addition, DSCC sees a better than expected outlook from Huawei on strong commercial/government demand in China. Samsung is also expecting much stronger results in 2023 on the Z Flip 5 and Z Fold 5 than it experienced in 2022 with the Z Flip 4 and Z Fold 4. While foldable smartphone shipments were down Y/Y in both Q4’22 and Q1’23, double-digit Y/Y growth is expected from Q2’23 through Q4’23.

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Written by

Ross Young