HK Stock Market Move | The entire mobile phone industry chain declined across the board. Domestic mobile phone shipments in the third quarter hit a new year-on-year low in 13 years, and global mobile phone shipments also fell sharply.

The entire mobile phone industry chain declined across the board. As of press time, Foxconn Interconnect Technology (06088) fell 6.57% to HK$4.05; FIH (02038) fell 4.98% to HK$12.4; Cowell (01415) fell 3.9% to HK$20.68; Q Technology (01478) fell 3.29% to HK$4.71. On the news front, on October 14, Omdia released its Q3 2026 mainland China smartphone statistics, showing that total domestic smartphone shipments in the quarter were 59.3 million units, down 12% year-on-year, marking the lowest shipment level for the same period since 2013. A Counterpoint report showed that global smartphone shipments in Q3 2026 fell 20% year-on-year, dropping to the lowest level for the same period since 2012. It is worth noting that, according to reports, due to a surge in mobile phone memory prices that worsened operating profit margins, Samsung Electronics' Mobile eXperience (MX) division has initiated production cuts for the fourth quarter of this year, with cuts expected to reach as much as 30%. The division recently asked partners to reduce component supply volumes by 20-30%.