Memory shortage could cause the biggest dip in smartphone shipments in over a decade

According to IDC, smartphone manufacturers are expected to ship only 1.12 billion units this year, a significant decline from 1.26 billion units shipped last year. This anticipated drop is attributed to a memory shortage that is impacting production capabilities across the industry. The decline in shipments marks the largest decrease in over ten years, highlighting the challenges faced by phone makers in maintaining supply amidst ongoing component shortages. As the market adjusts to these constraints, manufacturers may need to explore alternative strategies to mitigate the impact on their sales and production schedules. The situation underscores the ongoing supply chain issues that have been affecting various sectors, particularly in technology.

• IDC predicts 1.12 billion smartphone shipments this year.
• This is a decrease from 1.26 billion units last year.
• The decline is attributed to a memory shortage.
• This marks the largest dip in over a decade.
• Manufacturers may need to adapt strategies to cope.