Hong Kong-listed mobile phone supply chain stocks continued their downward trend during the trading session. Hongtong Precision Technology fell 7.46% to HK$5.21, Lens Technology dropped 6.59% to HK$21.84, Cowell E Holdings declined 5.91% to HK$23.24, and Q Technology Group decreased 3.95% to HK$7.79. The sell-off follows recent industry reports indicating memory chip shortages and rising prices are impacting manufacturers' 2026 shipment plans and weakening display panel demand. According to TrendForce's latest smartphone panel survey, global smartphone panel shipments for 2026 are projected to reach approximately 2.14 billion units, representing a 7.3% decrease from the 2.31 billion units shipped in 2025. This marks the first annual decline since 2023, ending the previous growth cycle. Meanwhile, IDC data reveals that flagship smartphone prices in China are expected to increase by over 30% in 2026 compared to 2025, with same-configuration models becoming more expensive by 300-1,000 yuan, and high-storage versions seeing price hikes of up to 2,000 yuan. New models released after March 2026 are anticipated to see even steeper price increases. IDC has significantly revised its 2026 global smartphone shipment forecast downward to approximately 1.1 billion units, substantially lower than the 1.26 billion units recorded last year.