Memory chip shortages will cause the global smartphone market to shrink by 13% in 2026, and the era of cheap phones may be coming to an end.
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The global smartphone market is facing its most severe crisis in decades.
Market research firm IDC has released its latest forecast: due to an unprecedented shortage of memory chips, global smartphone shipments in 2026 will decline by 12.9% year-on-year, far exceeding the drop seen during the tariff crisis and