Goldman Sachs lowers global smartphone shipment forecast for 2026 and 2027

Goldman Sachs has lowered its global smartphone shipment forecasts for 2026 and 2027 by 4% and 3% respectively to 1.14 billion and 1.17 billion units due to the high prices of memory chips. Goldman Sachs first proposed a shipment forecast of 1.18 billion units for 2028. Goldman Sachs predicts that the market size will grow by 3% to $596 billion in 2026, and by 2% in 2027 and 2028 respectively, reaching $606 billion and $621 billion. The increase in storage costs and the proportion of high-end models priced at over $600 have supported overall market revenue growth.