Global smartphone market shrank in Q1 2026, ending a ten‑quarter growth streak, per IDC.\\nMemory chip shortages and higher costs from the Iran war drove the contraction, with outlook worsening through 2026.\\nChinese brands, especially Xiaomi, suffered steep declines; Xiaomi’s year‑on‑year sales fell 19%, the largest among majors.\\nApple and Samsung were the only top‑five manufacturers to post growth in the quarter despite overall market drop.