Global smartphone shipments have slumped to their lowest level since 2013 as memory chip shortages drive up prices.
Browsing: Counterpoint Research
NielsenIQ data shows smartphone sales falling as buyers hold onto handsets and trade down as prices tick higher.
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.