NielsenIQ data shows smartphone sales falling as buyers hold onto handsets and trade down as prices tick higher.
Browsing: Counterpoint Research
A worsening memory chip shortage, deepened by the Iran war, is driving a record decline in smartphone shipments.
SK Hynix plans to invest about $13-billion in a new South Korea plant to meet AI memory demand.
Apple led the market with a 20% share, the largest among the top five brands, according to Counterpoint Research.
Research firm Counterpoint has cut growth expectations for global smartphone shipments in 2025 to just 1.9%.
Apple’s iPhone shipments stabilised in the June quarter as the wider smartphone market accelerated its growth.
Apple’s iPhone sales in China fell 24% year on year in the first six weeks of 2024, while Huawei sales jumped 64%.
The global smartphone market has returned to growth after more than two years, helped by emerging markets.
Lithium prices are spiralling down towards their lowest level in two years.
Global smartphone shipments are headed for their worst year for over a decade.