GLOBAL SMARTPHONE SHIPMENTS PLUNGE 20% AS AI BOOM SQUEEZES CHIP SUPPLY

GLOBAL SMARTPHONE SHIPMENTS FELL 20% IN Q3, HITTING THEIR LOWEST THIRD-QUARTER LEVEL SINCE 2012, ACCORDING TO COUNTERPOINT RESEARCH.

AI DATA CENTERS ARE ABSORBING MEMORY CHIP SUPPLIES, DRIVING UP SMARTPHONE PRODUCTION COSTS AND RETAIL PRICES.

SAMSUNG LEADS WITH 23% MARKET SHARE, FOLLOWED CLOSELY BY APPLE AT 22%.

MEANWHILE, XIAOMI SHIPMENTS PLUNGED OVER 30%, AS MANUFACTURERS PRIORITIZE MARGINS OVER SALES VOLUMES. ...