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Global Smartphone Market Shrinks 20 Percent in Third Quarter of 2026 as Memory and Storage Crisis Reshapes Industry Competition
According to preliminary estimates released by technology market research firm Omdia, the global smartphone market experienced a severe downturn in the third quarter of 2026, with worldwide shipments plunging by 20 percent compared to the same period in the previous year. This dramatic contraction represents a sharp and troubling acceleration from the six percent year-on-year…
