Economy · World

Global Smartphone Shipments Drop Amid Rising Prices

Global smartphone shipments saw a 20% decrease in the third quarter of 2026, according to research. This decline is attributed to original equipment manufacturers (OEMs) passing on higher component costs to consumers, resulting in a 20% increase in global smartphone retail prices and a higher market average selling price. The slowdown in sales, with shoppers holding back on big purchases, is also linked to higher smartphone and laptop prices making consumers more cautious.

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