28-February-2026
Corporate News
 
Smartphone Market Set for Biggest-Ever Decline in 2026 on Memory Price Surge, IDC Says
27-Feb-2026

The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation said on Thursday. Smartphone shipments are expected to drop 12.9% to 1.12 billion units, the research firm said in a report. The decline will hit low-end Android manufacturers the hardest, while Apple and Samsung are positioned to gain market share as smaller rivals struggle or exit the market entirely, the report said.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-26/smartphone-market-set-for-biggest-ever-decline-in-2026-on-memory-price-surge-idc-says