Global Smartphone Sales Plunge 20% YoY to 14-Year Low in Q3

Global smartphone sales fell 20% year-over-year in Q3 to 255.3 million units, the lowest in 14 years and the largest quarterly decline on record, driven by persistent memory shortages constraining supply. The data indicates a severe supply-side shock rather than demand collapse, with implications for consumer electronics supply chains and pricing.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works