Global Smartphone Shipments Hit 14-Year Low Amid Component Shortages

Global smartphone shipments fell 20% year-on-year, reaching the lowest third-quarter level since 2012.

Rising memory chip costs and supply shortages pressured manufacturers, leading to increased retail prices and prioritized profitability.

Samsung maintained its top position with 23% market share, while Apple's share reached 22%, crossing 20% for the first time in a third quarter.