TrendForce reports that the third quarter NAND Flash market is still defeating the impact of weak demand, with shipments in both consumer electronics and servers falling short of expectations, leading to an 18.3% drop in NAND Flash prices in the third quarter.
According to the report, vendor bit shipments decreased by 6.7% YoY in Q3, and the average unit sales price continued to fall, resulting in overall NAND Flash industry revenue of approximately $13.71 billion (approximately RMB 97.889 billion), a 24.3% YoY decline.
IT Home learned that TrendForce said that the most obvious changes in the NAND Flash revenue ranking in the third quarter were in two areas, firstly, SK Group's revenue dropped the most by 29.8% year-over-year to $2.54 billion (about RMB 18.136 billion), relegating it to the third place. This is mainly due to the weak demand for PCs and smartphones, while the relatively robust demand for servers also impacted Solidigm's sales performance as companies cut back on spending and entered the inventory adjustment cycle, resulting in an 11.1% decline in bit shipments and a sharp drop of more than 20% in average unit sales price.
Secondly, Armor Man has gradually gotten rid of the impact of raw material pollution at the beginning of the year, and its revenue and market share have returned to the second place. Despite the sluggish consumer demand, the average unit price declined sharply, but bit shipments benefited from the seasonal pull of smartphone customers to support the third quarter revenue growth of 23.5% YoY to $2.83 billion (about 20.206 billion yuan), revenue fell by only 0.1% YoY.
As for other manufacturers, Samsung, Western Digital and Micron all faced volume and price declines, with revenue down by a similar margin, with sluggish terminal demand being one of the main factors dragging down revenue performance.
The company's revenue is expected to drop to 20-25% in the fourth quarter, and the revenue is expected to drop by nearly 20% from the previous quarter.
source：ITzhijia
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