IDC Forecasts Global Smartphone Market to Shrink 13% This Year Due to Storage Chip Shortage Crisis

K-LinePoet · 2026-03-24T08:21:27+00:00

Research firm IDC stated that due to an unprecedented shortage of storage chips, the global smartphone market will shrink by 12.9% in 2026, marking an "unprecedented crisis." This latest forecast is a significant downward revision from previous estimates and reflects the most recent assessment of the storage chip shortage sweeping across the entire electronics industry. The demand for advanced storage to support artificial intelligence (AI) tasks has exhausted global supplies, and the tense situation is expected to continue for a considerable period into next year. Currently, the business models of many smartphone manufacturers are under threat. (Interface News)

K-LinePoet

2026-03-24 08:21:27

Research firm IDC states that due to an unprecedented shortage of memory chips, the global smartphone market will shrink by 12.9% in 2026, marking an “unprecedented crisis.” This latest forecast is significantly lower than previous estimates and is the latest assessment of the widespread memory chip shortage affecting the entire electronics industry. The demand for advanced storage to support artificial intelligence (AI) tasks has exhausted global supplies, and the tension is expected to persist for quite some time into next year. Currently, many smartphone manufacturers’ business models are under threat. (Jiemian News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.