DSCC says that 2.22 million foldable smartphones shipped in Q1 2022, up 571% from the first quarter of 2021. In Q4 2021, however, 4.2 million units shipped (a 47% decrease).

Foldable OLED shipments and production (DSCC, 2020-2022)

DSCC estimates that a total of 16 million foldable OLED phones will ship in 2022, a 107% increase compared to 2021. In terms of OLED panels, over 20 million will be produced and shipped in 2022.

The leading foldable smartphone vendor is still Samsung, but its market share fell to 74% as Huawei increased shipments. Samsung has ambitious plans for its upcoming 2022 foldable phones (Z Flip 4 and Z Fold 4) so it will likely increase its market share in 2022.

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