Inflation Shows Up in Global Smartphone Market

Preliminary estimates from Counterpoint Research on Monday, October 12, show that global smartphone shipments in the third quarter fell 20 percent year on year, to their lowest level since 2012. Rising memory chip costs and supply shortages have squeezed manufacturers, forcing them to raise prices.

Global smartphone shipments fell 20 percent year-on-year in the third quarter to their lowest level since 2012, Counterpoint Research's preliminary estimates showed on Monday, October 12, as rising memory chip costs and supply shortages put pressure on manufacturers to raise prices.