Per latest IDC forecast, the global smartphone market is expected to decline by 13% this year—roughly a drop of 160 million units—driven in part by memory shortages and supply constraints.
Recovery isn’t anticipated until mid-2027, and even then, not to prior peak levels. This report predates the current geopolitical tensions I guess, so a prolonged conflict could lead to an even sharper downturn.
So, overall we're all cooked nicely folks!!