Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch

Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early ‌estimates from Counterpoint ⁠Research.

Apple ⁠bucked the trend with a 3% rise in shipments, taking its global market share to a record 20% in the quarter on resilient demand for its premium iPhone lineup and keeping prices unchanged. However, analysts expect price increases in the ⁠coming months.