Global Smartphone Shipments Drop 20% to Lowest Q3 Level Since 2012

Surging memory chip costs and AI-driven component shortages force vendors to hike retail prices and constrain volumes. Global smartphone shipments plummeted 20 per cent year-on-year during the third quarter, reaching their lowest Q3 level since 2012, according to preliminary estimates from Counterpoint Research. The sharp contraction stems from soaring memory component costs and severe supply […]