Smartphone Market Slumps Amid Chip Shortage | Tech News

Smartphone sales just took a nosedive—down 11% in three months, the worst since 2013—thanks to a crippling memory chip shortage that’s jacked up prices and made buyers pause before upgrading. Budget brands like Xiaomi, Vivo, and Oppo are hit hardest, as consumers cling to older phones. But Apple and Samsung are thriving: Apple’s shipments rose 3% with record 20% market share, while Samsung surged 4% to reclaim 1 with 24% of the market—thanks to loyal fans and carrier deals that sweeten the cost. Analysts predict a 14% global market drop this year, with chip shortages lingering until 2027. Expect more refurbished and older models from budget brands to lure price-sensitive shoppers—and this ripple effect is already shaking PCs too. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/76e6fe23d63c9aca