Smartphone market faces record 22% decline in September quarter
Summary
The smartphone market experienced its most significant decline on record during the September quarter, with shipments dropping by 22%, as reported by IDC. This sharp decrease is attributed to rising memory costs that are impacting manufacturers' ability to produce and ship devices. Additionally, analysts anticipate that the situation will worsen in the upcoming periods, signaling continued challenges for the industry.
Analysis
IDC: IDC is a global provider of market intelligence, advisory services, and events focused on the information technology, telecommunications, and consumer technology sectors. The firm regularly analyzes and reports on trends in device markets including smartphones. In the provided news, IDC identified and quantified the record decline in smartphone shipments for the September quarter due to rising memory costs. Outlook: Further deterioration in smartphone shipment volumes is expected in the periods ahead. Cost Pressures: Rising memory component expenses are weighing on manufacturers and contributing to lower device output and shipments. Market Performance: The smartphone market recorded its steepest quarterly shipment decline in history during the September period.
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