Smartphones could get 30% costlier! How AI is driving up prices of your next upgrade

Nov 5, 2026 - 15:00
Smartphones could get 30% costlier! How AI is driving up prices of your next upgrade

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Rising demand for memory components due to the AI boom could increase the prices of budget smartphones. Jefferies reports that low-end devices may see price hikes of about 30 percent within the next few years. This price increase could lead consumers to postpone upgrades or buy second-hand phones instead. Additionally, global smartphone shipments are projected to decline significantly, impacting the affordable segment the most.

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