Smartphone sales slump to decade-low on AI memory chip crunch
Nairobi, July 19 -- The global smartphone market has slumped to its weakest second quarter in more than a decade as the artificial intelligence (AI) I infrastructure boom diverts memory chips away from consumer electronics, driving up handset prices and squeezing demand in sensitive markets like Kenya.
Global smartphone shipments fell by 11 percent year-on-year in the three months to June, marking the lowest second-quarter volumes since 2013, according to market intelligence firm Counterpoint Research.
The slowdown comes as soaring prices for memory chips, key components in smartphones, challenge phone-manufacturing after chip makers shifted production capacity towards high-margin AI data centres.
The supply squeeze has been compounded...
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