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Goldman Sachs: Downgrades global smartphone shipment forecasts for this year and next, as high storage chip prices drag down demand
Goldman Sachs predicts that the market size will grow by 3% to $596 billion in 2026, with further increases of 2% in 2027 and 2028, reaching $606 billion and $621 billion respectively. The firm pointed out that rising memory costs and the increasing proportion of high-end models priced over $600 will support overall market revenue growth despite the decline in shipment volume.