Smartphone shipments have plunged to their lowest level in over a decade during the third quarter, driven primarily by a severe shortage of memory components. Industry analysts attribute the decline to supply chain disruptions that have left manufacturers struggling to meet demand. The shortage has forced companies to scale back production, affecting global sales and industry growth. This downturn marks a significant shift from recent trends, raising concerns about the long-term impact on the tech sector.
Global smartphone shipments record worst third quarter in 14 years amid memory shortage Reuters
