HK Stock Market Move | Mobile phone industry chain continues to decline again, domestic mobile phone shipments have consecutively decreased by double digits for two months. The industry expects that the annual shipment volume may experience a significant drop.

The mobile phone industry chain is once again on the decline. As of the time of writing, COWELL (01415) fell by 4.82% to HK$24.08; Q TECH (01478) fell by 4.7% to HK$7.7; BYD ELECTRONIC (00285) fell by 3.25% to HK$300.96. On the news front, the domestic mobile phone market has seen double-digit declines in shipments for two consecutive months. Reports show that in January and February 2026, the domestic market's mobile phone shipments totaled 39.655 million units, a year-on-year decrease of 15.5%. It is worth noting that with the continuous surge in storage prices and the resulting increase in smartphone prices, the industry generally expects a significant drop in smartphone shipments in 2026, possibly reaching a new low in over a decade. Morgan Stanley previously released a research report stating that smartphone OEM manufacturers are expected to increase average selling prices and pass on most component costs. Such price increases are likely to lead to a substantial shortage of demand for Android smartphones, as end users are more price-sensitive. The bank has lowered its 2026 global smartphone shipment forecast by 15% to 1.1 billion units. In this, the performance of the Apple supply chain may also outperform the Android supply chain.