Reuters
01 Jun 2026, 07:44 UTC · 2h ago
Source · https://www.reuters.com/world/china/global-smartphone-market-faces-record-annual-decline-chip-crunch-worsens-2026-06-01/
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Global smartphone shipments are projected to slump by 13.9% this year to 1.08 billion units. — A record contraction in shipments signals a sharp decline in demand and revenue for handset makers and their supply chains.
-0.80The decline in smartphone shipments is being driven by a worsening shortage of memory chips. — Supply chain constraints limit production capacity and increase costs, negatively impacting the broader electronics sector.
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