Preliminary estimates from 'Counterpoint Research' on Monday, October 12, indicated that global smartphone shipments in the third quarter have reached their lowest level since 2012, with a 20% decrease compared to the same period last year. The rise in memory chip costs and supply shortages have pressured manufacturers, forcing them to increase prices.
Inflation in the Global Smartphone Market Emerges
Global smartphone shipments have declined by 20% in the third quarter compared to last year, reaching their lowest level since 2012. This decline is attributed to rising memory chip costs and supply shortages, impacting manufacturers' pricing strategies.
👥 Key Players
📰 What Happened
Global smartphone shipments have dropped by 20% in the third quarter compared to last year, marking the lowest level since 2012. This decline is primarily due to rising costs of memory chips and supply shortages.
- Smartphone shipments are at their lowest since 2012.
- Manufacturers are increasing prices due to rising memory chip costs.
💡 Why It Matters
📚 Background
The smartphone market is influenced by various factors including supply chain dynamics, consumer demand, and technological advancements. Understanding these factors is crucial for grasping the current economic landscape.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%