Huawei defies memory chip squeeze hurting Xiaomi smartphones
Chinese smartphone makers are bracing for their most challenging year since the Covid-19 pandemic, as skyrocketing memory chip prices force brands to make a difficult choice: absorb the higher costs, raise retail prices or downgrade storage configurations, analysts say.
In a report published on Monday, market research firm Counterpoint projected that global smartphone shipments would plunge nearly 14 per cent this year to about 1.08 billion units – marking the industry’s lowest volume since...