Chipset shortage hitting smartphone industry hard, says Counterpoint

The ongoing semiconductor shortage is impacting the smartphone industry hard, according to research firm Counterpoint Research, which has predicted lower shipments for the second half of 2021. According to the data, Counterpoint now expects the smartphone shipments to stand at 1.4 billion for 2021, which is around 6 per cent growth, compared to the earlier forecast of 9 per cent annual growth.

“The semiconductor shortage seems to affect all brands in the ecosystems. Samsung, Oppo, Xiaomi have all been affected and we are lowering our forecasts. But Apple seems to be the most resilient and least affected by the AP shortage situation,” Tom Kang, Research Director at Counterpoint Research said in a press statement.