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Smartphone shipments under $100 drop 60% as rising memory costs push brands to premium models

Market News
11 Sep 2026
CNBC
View Source
Bearish
Smartphone shipments under $100 drop 60% as rising memory costs push brands to premium models

Global shipments of smartphones priced below $100 fell nearly 60% in Q2 2026 compared to the previous year, driven by soaring memory costs and chipmakers prioritizing AI-related products. Chinese brand Xiaomi saw its sub-$100 smartphone share drop from 27.7% in early 2025 to just 11.2% a year later, reflecting a broader industry shift towards higher-priced devices. Memory now accounts for nearly 60% of the cost in sub-$200 phones, making low-end models less profitable and prompting manufacturers to focus on mid- to high-end segments. This trend is expected to continue as memory supply constraints ease only moderately, preventing prices from returning to earlier low levels.

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CIQ launches Fuzzball 4.3 for easy AI model deployment on existing GPU infrastructure

CIQ launches Fuzzball 4.3 for easy AI model deployment on existing GPU infrastructure

CIQ has released Fuzzball 4.3, a platform that enables enterprises to deploy validated open-weight AI models and agents on their existing GPU infrastructure with a single command. This update simplifies operationalizing AI by automatically connecting...

Market News
Bullish
1 hour ago
Societe Generale reports 739 million shares and 821 million voting rights as of Sept 30, 2026.

Societe Generale reports 739 million shares and 821 million voting rights as of Sept 30, 2026.

As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....

Company Fundamentals
Neutral
1 hour ago
Weyerhaeuser shares hit 52-week low amid mixed analyst price targets and dividend concerns.

Weyerhaeuser shares hit 52-week low amid mixed analyst price targets and dividend concerns.

Weyerhaeuser's stock recently dropped to a new 52-week low of $18.31, trading around $18.51, reflecting market pressure. Analysts have mixed views: Seaport Global lowered its price target to $30, Raymond James upgraded to "strong buy" with the same t...

Analyst Insights
Bearish
1 hour ago
Canadian Utilities to merge with Emera, RBC Capital keeps 'Sector Perform' rating

Canadian Utilities to merge with Emera, RBC Capital keeps 'Sector Perform' rating

Canadian Utilities and Emera have agreed to merge as equals, creating a larger utility and energy infrastructure company. RBC Capital maintains a 'Sector Perform' rating on Canadian Utilities, indicating expected performance in line with the sector. ...

Market News
Neutral
2 hours ago
Domino's Pizza Q3 earnings expected to rise slightly with focus on promo impact

Domino's Pizza Q3 earnings expected to rise slightly with focus on promo impact

Domino's Pizza is set to report its Q3 earnings on October 13, 2026, with analysts forecasting earnings per share between $4.33 and $4.36 and revenue around $1.17 billion, a 1.6% increase year-over-year. Investors will watch closely how promotional d...

Company Fundamentals
Neutral
2 hours ago
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