The smartphone industry is in for a downturn by the end of the year, with a forecast that predicts shipments will decrease by up to 16.7% by the end of 2026. A big driving factor in this forecast, which comes from IDC, is the memory crisis. The increase in cost of memory components for manufacturers has led to those manufacturers raising prices on smartphones which contain that memory. Which then led to a decrease in smartphone shipments because phones were costing more money and fewer consumers were willing to pay for phones at those higher prices. According to IDC, foldable…