ab Global Research owered by UBS Evidence Lab YES P 8 December 2025 Global I/O Smartphones UBS Evidence Lab inside 4Q25 Smartphone Survey: Will memory shortages impact demand? Smartphone industry conditions could be challenging in 2026 Post initial tariffs announcements last April, smartphone-related stocks have in general performed well. UBS Evidence Lab 4Q25 Smartphone Survey (> Access Dataset) is broadly encouraging for demand, in particular for Apple (iPhone 17 refresh) and, to a lesser extent Samsung. ...