The international smartphone market is bracing for a potential 31% slump in shipments over the coming year, a consequence of escalating memory chip costs fueled by the demand from AI hyperscalers, according to Jeffries. The firm noted a 70% quarter-on-quarter price surge in memory chips, driven by server-making companies’ increasing demand. The prices are projected to rise by an additional 50% in Q2 2026, Fortune reported on Wednesday. Edison Lee, the China Head of Tech & Apple at Jefferies, shaRead More
AI’s Chip Appetite Is Squeezing The Global Smartphone Market— Analysts Warn Of 31% Shipment Slump Ahead
By Namrata Sen
