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Smartphone Shipments Hit 14-Year Low | Markets & Money News
Global smartphone shipments have plummeted 20% year-on-year, marking the worst third quarter since 2012, primarily due to rising memory chip costs and supply shortages. Samsung holds a 23% market share, aided by interest in their Galaxy Z Fold8, while Apple reaches 22%, its highest in a third quarter, despite a lack of new iPhone launches. OPPO and vivo see declines over 20%, and Xiaomi's shipments drop more than 30%, now at a 10% market share. The market faces challenges ahead, with production
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