The global chip shortage that affected car, computer, and consumer electronics companies has finally caught up to smartphone manufacturers. According to reports, shipments are slowing down, production are being cut, and new smartphone launches are being delayed.
Large smartphone manufacturers were able to put off the global chip shortage because they buy components six months in advance. But it looks like those supplies are drying up.
The effects are now affecting smartphone manufacturers. Samsung, for example, saw shipments decline by as much as 20-percent, compared to the previous quarter. While Xiaomi raised the price of the Redmi Note 10 in India by around 8-percent, relative to its launch price. The Mi 11 Ultra was also affected, with sales delayed from the announcement date.
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Apple, on the other hand, has managed to avoid problems related to the shortage, thanks in part to its influence over the supply chain. Samsung flagships also remain safe so far.
The global chip shortage is not going to let up anytime soon. We may feel more effects as phone prices increase and launches are delayed.