Global smartphone shipments have seen a significant decline due to a severe memory component crisis. This shortage, driven by AI's high demand for dynamic random-access memory and NAND flash, has led to increased prices. Analysts predict that the situation will not improve until at least 2028, impacting budget-friendly handset production. AI
IMPACT AI's insatiable demand for memory components is driving up prices and causing a significant downturn in the global smartphone market, with no relief expected for several years.
RANK_REASON Significant industry impact due to AI's demand on hardware components affecting a major consumer product market. [lever_c_demoted from significant: ic=1 ai=0.7]
- Apple Inc.
- dynamic random-access memory
- Kioxia
- Micron
- NAND flash
- Oppo
- Samsung
- Samsung Electronics
- SK Hynix
- vivo
- Xiaomi
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