Global smartphone shipments record worst third quarter in 14 years amid memory shortage

Global smartphone shipments have experienced a significant decline of 20% during the third quarter. This period marks the worst third quarter performance recorded in 14 years for the industry. The sharp decrease in shipments is attributed to a prevailing memory shortage that has impacted production and availability. These figures highlight a severe downturn in the global market, reflecting the direct consequences of supply chain constraints on the overall volume of smartphone distributions worldwide.