Q3 NAND market down 18% QoQ and falling

Q3 NAND bit shipments fell by 6.7% QoQ.

Q3 NAND revenues fell 24.3% to $13.71 billion.

Hynix dropped to third place in the rankings after a 29.8% revenue drop to$2.54 billion.

Kioxia took second place in the rankings after its Q3 bit shipments rose by 23.5% QoQ and its revenue dipped by just 0.1% QoQ to $2.83 billion.

Samsung’s revenue fell by 28.1% QoQ to $4.3 billion.

Western Digital’s revenue fell by 28.3% QoQ to $1.72 billion. 

Micron’s Q3 NAND revenue fell 26.2% QoQ  to $1.69 billion.

TrendForce projects a 20-25% drop in NAND contract prices in Q4.