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On November 24, a report released by TrendForce showed that the sales of NAND Flash in the third quarter of Samsung Electronics and SK Hynix (including its subsidiaries) declined due to the weakening demand caused by the economic downturn.

Specifically, sales of Samsung Electronics fell 28.1% month on month to US $4.3 billion. Its market share fell 1.6 percentage points month on month to 31.4%, but it still ranks first in the world. Over the same period, the market share of Japanese Armour Man increased by 5 percentage points month on month, to 20.6%, ranking the second after SK Hynix. SK Hynix's sales decreased by 29.8% month on month to US $2.54 billion, and its market share dropped to 18.5%, ranking third.

TrendForce pointed out that the NAND Flash market in the third quarter still failed to withstand the impact of weak demand, and shipments in both consumer electronics and server fields were worse than expected, resulting in the price decline of NAND Flash in the third quarter expanding to 18.3%.

In addition, the overall economy continues to be weak, personal and enterprise expenditures become conservative, and the purchasing momentum of enterprises is therefore stalled, which makes the inventory pressure spread to the original factory, and the associated sales pressure increases dramatically.

According to the statistics of TrendForce, in the third quarter, the number of supplier shipments decreased by 6.7% month on month, and the average unit sales price continued to fall. The overall revenue of NAND Flash industry was about 13.71 billion US dollars, a month on month decline as high as