Price Hikes Trigger Smartphone Sales Slump

Global smartphone sales dropped to their lowest second-quarter level in 13 years as manufacturers passed on to consumers the rising cost of memory components, Counterpoint Research said in a Monday (July 13) press release . Total shipments fell 11% year over year in the second quarter to reach the lowest second-quarter level since 2013, according to the release. However, Apple , the only major manufacturer that didn’t make smartphone price hikes during the quarter, saw its shipments increase 3%,