Global smartphone shipments set to slide 12.9% in 2026 as memory chip shortage deepens
Research firm IDC forecasts a 12.9% decline in global smartphone shipments in 2026, driven by an unprecedented shortage of memory chips. The firm sees shipments falling to roughly 1.1 billion units from 1.26 billion in the prior year. Elevated demand for advanced memory to support AI workloads is draining supply and raising component costs, prompti…