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Smartphone shipments down to a 10-year-low amid war, chip shortage

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Research firm Counterpoint Technology Market Research’s report said that European smartphone market declined 12% in the first quarter of the year after recording the lowest shipments for the period in almost a decade mainly due to component shortages and COVID-19 lockdowns in China, Reuters reported. The outbreak of the Russia-Ukraine war also severely affected shipments after two of Russia’s top three smartphone vendors – Samsung and Apple – halted all shipments to the country in early March after its invasion of Ukraine.

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