Smartphone Shipments Poised for Record Drop as Memory Shortage Deepens
Global smartphone shipments are forecast to fall 13.9% this year to 1.08 billion units amid an intensifying memory chip shortage, according to Counterpoint Research. The outlook was revised down from a 12.4% decline projected in February, with supply tightening further after the Iran war. The squeeze is hitting lower-priced devices hardest as produ…