Goldman Sachs has revised its global smartphone shipment forecasts downward for the next two years. The firm now anticipates a 4% decrease for the current year and a 3% decrease for the following year, projecting 1.14 billion units in 2026 and 1.17 billion in 2027. This adjustment signifies an expected 10% year-over-year decline in shipments for this year, contrasting with a previous forecast of a 6% decrease. The primary driver for this revised outlook is the increasing cost of memory chips, influenced by the surge in demand from the artificial intelligence industry. AI
IMPACT Increased demand for AI chips is impacting the supply and cost of memory chips for consumer electronics.
RANK_REASON Analysis from a financial institution about market forecasts, not a direct industry event.
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