Global Smartphone Shipments Fall 20% in Worst Third Quarter Since 2012
Global smartphone shipments fell 20% year on year to their lowest third-quarter level since 2012, preliminary Counterpoint Research estimates showed. Memory chip costs and supply shortages pressured manufacturers and pushed up prices.
Global smartphone shipments declined 20% year on year, reaching their lowest third-quarter level since 2012, according to preliminary estimates from Counterpoint Research on Monday. Rising memory-component prices, driven by AI demand, and supply shortages weighed on manufacturers and pushed prices higher.