Chinese display manufacturer BOE surpassed Samsung Display to become the industry leader in the foldable display sector, representing a 42% market share in the fourth quarter of 2023, according to display supply chain consulting firm DSCC. On the flip side, Samsung Display experienced a notable decline, dropping from 76% in the third quarter to 36% in the fourth quarter of 2023, which was its largest quarterly decrease since the first quarter of 2021. This marks the end of Samsung’s reign in the global OLED foldable market over the past five years, the report said. DSCC analysis indicates that BOE’s surge was primarily attributed to the substantial growth in demand for Huawei’s foldable smartphones, with a 122% increase in Huawei’s foldable display procurement in the fourth quarter of 2023 alone. [IThome, in Chinese]
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