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

According to IDC, smartphone manufacturers are projected to ship only 1.12 billion units this year, a significant decrease from 1.26 billion units shipped last year. This decline is attributed to a memory shortage that is impacting production capabilities across the industry. The anticipated drop represents the largest decline in smartphone shipments in over ten years, highlighting ongoing challenges within the supply chain. As manufacturers grapple with these shortages, the market may see shifts in pricing and availability of devices. Stakeholders are closely monitoring the situation as it unfolds, with implications for both consumers and manufacturers alike.

• IDC forecasts 1.12 billion smartphone shipments this year.
• This is down 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 face pricing and availability challenges.