HK Stock Market Move | The entire mobile phone industry chain is declining, AI is crowding out production capacity and driving up memory costs. Goldman Sachs has lowered its forecast for mobile phone shipments in the next two years.

The entire mobile phone industry chain is declining. As of the time of writing, FIH (02038) fell by 5.93% to 22.86 Hong Kong dollars; Q TECH (01478) fell by 5.37% to 7.93 Hong Kong dollars; COWELL (01415) fell by 3.46% to 24.52 Hong Kong dollars; Lens Technology (06613) fell by 1.53% to 27.1 Hong Kong dollars. In terms of news, the latest report from Goldman Sachs shows that the bank has lowered its forecast for global smartphone shipments in 2026 by 4% to 1.14 billion units, widening the year-on-year decline from the previous -6% to -10%. The forecast for 2027 has been reduced by 3% to 1.17 billion units, with the year-on-year growth rate revised from the previous +2% to +3%. The report also introduced a forecast for 2028, with shipments of 1.182 billion units, representing a 1% increase. Goldman Sachs attributes the weakening outlook to the rise in memory chip costs. The surge in demand in the AI field has led to a tightening of overall chip supply, with major memory chip manufacturers reallocating more capacity to serve the AI industry, causing a greater shortage of memory chip capacity needed in the consumer electronics sector.