Rising Chip and Memory Costs to Shrink Smartphone Market in 2026
TL;DR Summary
The global smartphone market is expected to shrink by 2.1% in 2026 due to rising costs of chips and memory, which are driven by AI demand, leading to higher device prices and shipment declines for major brands like Apple and Samsung, while low-end phones are impacted most severely.
Topics:technology#2026-forecast#business#component-costs#major-brands#price-increase#smartphone-market
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