Hong Kong Stock Market Movers: Smartphone Supply Chain Falls Across the Board as Q3 Domestic Shipments Hit 13-Year Same-Period Low and Global Shipments Also Plunge

Stock News11:30

The smartphone supply chain declined across the board, with FIT HON TENG (06088) falling 6.57% to HK$4.05, FIH (02038) dropping 4.98% to HK$12.4, COWELL (01415) declining 3.9% to HK$20.68, and Q TECH (01478) slipping 3.29% to HK$4.71.

On the news front, statistics on mainland China smartphones for the third quarter of 2026 released on October 14 showed that total domestic smartphone shipments in the quarter reached 59.3 million units, down 12% year-on-year, marking the lowest shipment level for the same period since 2013.

A report showed that global smartphone shipments in the third quarter of 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 phone memory prices that worsened operating profit margins, the Mobile eXperience (MX) division of Samsung Electronics launched production cuts in the fourth quarter of this year, with the reduction expected to reach as much as 30%. The division recently asked partners to reduce component supply volumes by 20-30%.

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