Tag
SMARTPHONE MARKET
Qualcomm plans to cut jobs globally following its annual employee reviews, with notifications expected to begin in November.
Global smartphone shipments fell 20% year-on-year in the third quarter of 2026 to their lowest level for the period since 2012, as persistent memory shortages and rising component costs disrupted supply and pushed up retail prices.
The global smartphone market experienced a long-awaited recovery in 2024, achieving 4% year-on-year growth after two consecutive years of decline.