There will be, but the question who will be able to afford it.

It’s like saying that there is no housing crysis in several countries because the market is full of houses, apartments, etc.

You’re making what seems like a zero sum assumption. I am still using my M1 MacBook for work. I have a first version Mac Studio at home and countless other devices laying around. The world will continue to move forward and yes purchasing will slow down but folks will still be using their existing phones, laptops and other devices.