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Qualcomm feels the squeeze because you don't want a new smartphone right now

doublelayer Silver badge

Shortages for components of phones have eased for this period, so not really. If you want a phone, you can go and get one quickly and cheaply if you get one that's designed to be fine rather than one that's designed to appeal to someone who doesn't know that there is a limited amount of money available.

People aren't buying as many phones because they don't need to replace them, because inflation has caused them to cut back on expensive items that they don't need to replace right now, or because they don't see advantages in any of the new products. It's happening the same way with a variety of other items, including most consumer tech.

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