Dec. 30, 2022 /SemiMedia/ -- According to reports, Qualcomm may lower the prices of mid-range and entry-level Snapdragon mobile phone processors, including the 400 and 600 series, in 2023.

The report pointed out that it is not clear whether Qualcomm's price reduction will trigger a price war. However, slowing demand and price sensitivity in the mid-range and entry-level smartphone markets have increased the likelihood of Qualcomm and MediaTek price cuts.

According to earlier reports, global smartphone shipments in 2022 will drop by 10% year-on-year. The downward trend will continue until 2023, but the annual growth rate will improve to -5%. Global smartphone shipments will reach their lowest level since 2014, which will be a very difficult time for the mobile phone industry.