/Supply chain constraints lead to 6.7 percent decline in worldwide smartphone shipments in Q3 2021

Supply chain constraints lead to 6.7 percent decline in worldwide smartphone shipments in Q3 2021

The supply chain and component shortage issues have affected the entire smartphone industry. The industry had witnessed double-digit growth in the early quarters of 2021, reported a new IDC report. Also Read – Phone heating up often? 5 tips to save smartphone from overheating

Worldwide shipments declined 6.7 percent (year-over-year) in the third quarter (Q3) this year, and smartphone vendors shipped a total of 331.2 million units during the quarter. Also Read – Chip shortage increases sales issues for smartphone manufacturers in 2021

The supply chain issues have now compounded, and shortages are affecting all vendors alike. Also Read – Smartphones to cost more with import duty hike on displays: Everything you need to know

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“On top of component shortages, the industry has also been hit with other manufacturing and logistical challenges. Stricter testing and quarantining policies are delaying transportation and power supply constraints in China are restricting manufacturing of key components,” said Nabila Popal, research director with IDC’s Mobility and Consumer Device Trackers.

Despite all efforts to mitigate the impact, all major vendors’ production targets for the fourth quarter have been adjusted downwards.

“With continued strong demand, we don’t anticipate the supply-side issues to ease until well into next year,” Popal said in a statement.

While almost all regions saw a decline in shipments during 3Q21, the severity of the impact varied between regions.

Central and Eastern Europe (CEE) and Asia/Pacific (excluding Japan and China) (APeJC) suffered the largest declines of -23.2 percent and -11.6 percent (year-over-year).

Samsung finished the quarter in the top position with 69 million units shipped and a 20.8 percent market share.

Apple regained the second position with 50.4 million units shipped for a 15.2 percent market share and an incredible 20.8 percent year-over-year growth.

Xiaomi registered a 4.6 percent decline in the third quarter after high double-digit growth over the previous four quarters, as it also struggled with supply issues that it hadn’t faced in earlier quarters.

Xiaomi still captured the third position with a 13.4 percent share and shipments of 44.3 million units.

(With inputs from IANS)