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A shortage of memory chips for smartphones due to chip manufacturers shifting priorities to support the artificial intelligence (AI) boom led to the lowest level of global smartphone shipments in the past 13 years, a new report stated.
Shipments of smartphones in the second quarter fell 11 percent year over year, noted Counterpoint Research’s preliminary market monitor report released on July 13.
With prices for smartphone DRAM (working memory) and NAND (storage memory) continuing to rise as chipmakers prioritize AI data center customers over consumer electronics, smartphone manufacturers have been forced to pass on higher costs to customers, Counterpoint said.
Price hikes have been especially prominent in entry- and mid-tier devices, which account for the majority of smartphones sold worldwide, said Shilpi Jain, Counterpoint senior analyst….
Shipments of smartphones in the second quarter fell 11 percent year over year, noted Counterpoint Research’s preliminary market monitor report released on July 13.
With prices for smartphone DRAM (working memory) and NAND (storage memory) continuing to rise as chipmakers prioritize AI data center customers over consumer electronics, smartphone manufacturers have been forced to pass on higher costs to customers, Counterpoint said.
Price hikes have been especially prominent in entry- and mid-tier devices, which account for the majority of smartphones sold worldwide, said Shilpi Jain, Counterpoint senior analyst….
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