Shares in the mobile phone supply chain fell collectively. At the time of writing, LENS (06613) dropped 5.9% to HK$25.86, Q TECH (01478) declined 3.94% to HK$8.53, and COWELL (01415) decreased 3.21% to HK$27.14. Industry research firm IDC warned in a recent report that the global smartphone market could face an "unprecedented crisis" in 2026 due to memory chip shortages. IDC has significantly lowered its 2026 smartphone shipment forecast to approximately 1.1 billion units, well below last year's 1.26 billion units. This suggests the smartphone market may experience a record year-on-year decline of 13% this year. According to reports, procurement costs for smartphone memory chips have risen more than 80% compared to the same period last year, with no signs of slowing down. Due to this cost pressure, channel and ODM manufacturers have indicated that several leading smartphone brands plan to implement a new round of product price adjustments in early March. This would mark the largest and most significant collective price increase in the mobile phone industry in nearly five years.