Global Smartphone Shipments Fall 4.1% in Q1 2026, First Decline Since 2023 Amid Memory Chip Shortage and Iran Conflict

GateNews

Gate News message, April 15 — Global smartphone shipments declined 4.1% in the first quarter of 2026, marking the first drop since 2023, according to IDC. The decline was driven by tight memory chip supply and escalating costs from the Iran conflict, which are expected to further suppress market growth. Apple (AAPL.US) and Samsung Electronics (SSNLF.US) were the only top-five brands to post growth, each increasing shipments by over 3% and holding roughly 20% market share.

IDC analyst Nabila Popal’s team noted that phone prices have surged 40% to 50% in several emerging markets, severely dampening demand. Apple saw strong performance in China with 30% growth driven by the iPhone 17 series, while Honor achieved 24% year-over-year growth through overseas expansion. Chinese brands like OPPO faced significant shipment declines due to soaring component and logistics costs.

Counterpoint Research reported a similar 6% decline for the quarter, with Apple overtaking Samsung in market share in its tally. Both firms attributed the downturn primarily to memory cost spikes. IDC added that smartphone brands are adjusting product lineups and cutting marketing budgets to cope with the chip shortage, which is expected to persist through the second half of 2027.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Schwab Wealth Management Announces Details of Its Spot Cryptocurrency Trading Service

Schwab Wealth Management has launched a spot cryptocurrency trading platform named Schwab Crypto, where retail customers can directly trade Bitcoin and Ether. The platform will offer investment, research, and wealth management services, and will partner with Paxos to help ensure asset security. In addition, Schwab Wealth Management charges a 75-basis-point fee per trade, and will gradually increase the number of supported cryptocurrencies in the future.

ChainNewsAbmedia6m ago

U.S. Rare Earth Stocks Surge on Critical Metals' Greenland Mine Control

U.S. rare earth stocks rose significantly on April 17, with Critical Metals up over 28% after gaining control of the Tasiusarsuaq deposit in Greenland. Other companies like USA Rare Earth, United States Antimony, and MP Materials also experienced gains.

GateNews59m ago

U.S. Stocks Rally on Iran's Hormuz Strait Opening; Airlines Surge, Netflix Drops

Iran's announcement to open the Strait of Hormuz led to a rise in U.S. stocks, with major indices climbing. Airline stocks soared, while Netflix dropped over 10% due to lower-than-expected profit guidance.

GateNews59m ago

American Bitcoin (ABTC) to Release Q1 2026 Earnings on May 6

American Bitcoin (ABTC) will release its Q1 2026 earnings report on May 6, 2026, after U.S. market close, followed by a live earnings call and webcast at 4:30 PM ET.

GateNews1h ago

Hong Kong Exchanges and Clearing Proposes Shortening Stock Settlement Cycle from T+2 to T+1

HKEX proposed to shorten Hong Kong's stock settlement cycle from T+2 to T+1, applicable to various secondary market transactions. The transition is set for late 2027, pending readiness and approval, aligning with global trends toward faster settlements.

GateNews2h ago

San'an Optoelectronics Terminates $239M Lumileds Acquisition Due to U.S. National Security Concerns

San'an Optoelectronics terminated its $239 million acquisition of Lumileds due to U.S. national security concerns. The deal was abandoned after CFIUS's warning, and the company stated that this will not adversely affect its operations or finances.

GateNews2h ago
Comment
0/400
No comments