GLOBAL SMARTPHONE SHIPMENTS PLUNGE 20% AS AI BOOM SQUEEZES CHIP SUPPLY
Global smartphone shipments fell 20% in Q3, hitting their lowest third-quarter level since 2012, according to Counterpoint Research.
AI data centers are absorbing memory chip supplies, driving up smartphone production costs and retail prices.
Samsung leads with 23% market share, followed closely by Apple at 22%.
Meanwhile, Xiaomi shipments plunged over 30%, as manufacturers prioritize margins over sales volumes.