Components shortage sends smartphone market into decline

Enlarge / Foldable devices like the Galaxy Z Fold3 5G (above) helped Samsung keep its top spot. (credit: Samsung)

Component shortages have been wreaking havoc on the tech industry since the onset of the COVID-19 pandemic, and smartphones are no outlier. Decelerated production schedules have given way to smaller stock and delayed launches. All of this has resulted in a decline in smartphone sales in Q3 of 2021 compared to Q3 2020, Gartner reported today.

According to numbers the research firm shared today, sales to consumers dropped 6.8 percent. A deficit in parts like integrated circuits for power management and radio frequency has hurt smartphone production worldwide.

“Despite strong consumer demand, smartphone sales declined due to delayed product launches, longer delivery schedule, and insufficient inventory at the channel,” Anshul Gupta, senior research director at Gartner, said in a statement accompanying the announcement.

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from Tech – Ars Technica https://ift.tt/3nMLYnm