Smartphone Sales Hit 13-Year Low Amid Price Increases
Rising costs of memory components have led to a significant drop in global smartphone sales, reaching the lowest second-quarter figures in over a decade.
Editorial Staff
1 min read
Updated about 15 hours ago
According to a report by Counterpoint Research, global smartphone sales have plummeted to their lowest second-quarter level in 13 years. This decline is attributed to manufacturers passing on increased costs to consumers.
The rising prices of memory components have forced manufacturers to adjust their pricing strategies, resulting in decreased demand from consumers.
As a consequence, total shipments have seen a notable drop, reflecting broader market trends and economic pressures.