IDC revised downwards its forecasts for the smartphone market, indicating that fewer devices will be sold than ever before, recording the biggest ever decline in the sector. The consultancy points to a memory crisis as the main factor responsible for this sharp drop in smartphone sales globally. Consumers are facing an increasingly restricted market in terms of supply, with component shortages directly affecting the availability of devices in the market.
This scenario represents an unprecedented moment for the smartphone industry, which has traditionally been a constantly growing market. As a direct consequence of this situation, the devices that manage to reach the market are increasingly expensive, with the average price rising 27.6% to 581 dollars, reflecting the impact of memory shortage on the industry's cost structure.
