IDC says smartphone shipments plunge 22% on memory costs
In short
IDC said smartphone shipments fell 22% in the latest quarter. BusinessLine said rising memory costs pushed shipments down sharply and called it the worst quarter ever.
This matters for smartphone makers and suppliers because higher memory costs can squeeze demand and sales. The reporting does not say when the slump will end or which companies were hit hardest in this version.
What the reporting says
IDC said smartphone shipments fell 22% in the latest quarter, which the publisher summary described as the worst quarter ever. BusinessLine reported that rising memory costs pulled shipments down sharply, citing the market researcher’s view. The report does not name the quarter in the snippet or say when demand might recover.
Why it matters
IDC reported that smartphone shipments dropped 22% in the latest quarter, and BusinessLine linked the fall to rising memory costs. The summary frames it as the worst quarter ever for shipments. The immediate concern is weaker demand across the phone market, but the specific quarter and any recovery outlook are not stated in this report snippet.