Smartphone shipments fell due to ongoing component shortages

From NVIDIA and AMD to automakers like GM, the global chip shortage has affected nearly every industry that depends on computer components, and now it’s even hurting smartphone manufacturers. According to Canalys, phone shipments dropped by six percent year-over-year in the third quarter of 2021. The firm says much of that is due to component shortages that made it impossible for those companies to meet consumer demand.