Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch

Global smartphone shipments dropped 11% in Q2 to the lowest level for the period since 2013, per Counterpoint Research. The decline was attributed to a prolonged memory chip shortage that pushed up handset prices and weakened demand. Overall read-through is cautious for handset and semiconductor-linked supply chains.

Analysis

Global smartphone shipments dropped 11% in Q2 to the lowest level for the period since 2013, per Counterpoint Research. The decline was attributed to a prolonged memory chip shortage that pushed up handset prices and weakened demand. Overall read-through is cautious for handset and semiconductor-linked supply chains.