HK Stock Market Move | The collective decline of the mobile phone industry, shortage of storage chips supply, and a potential 13% decrease in the global smartphone market this year.

The mobile phone industry chain collectively fell. As of the time of writing, Lens Technology (06613) fell by 5.9% to HK$25.86; Q TECH (01478) fell by 3.94% to HK$8.53; COWELL (01415) fell by 3.21% to HK$27.14. On the news front, industry research institution IDC warned in its latest report that the global smartphone market will face an "unprecedented crisis" in 2026 due to memory shortages. IDC has significantly lowered its 2026 smartphone shipment forecast to around 1.1 billion, far below last year's 1.26 billion. This means that the smartphone market may see a record 13% year-on-year decline this year. According to the Sci-Tech Board Daily, the current purchase cost of smartphone storage chips has risen by over 80% compared to the same period last year, and there are no signs of slowing down. Under this cost pressure, channel and ODM manufacturers have revealed that several leading smartphone brands are planning to launch a new round of product price adjustments in early March. This will be the largest and most significant collective price adjustment in the mobile phone industry in nearly five years.