From The Times of India
Center Owned by Bennett, Coleman & Co.Smartphones could get 30% costlier! How AI is driving up prices of your next upgrade
What's behind this
This year the cost of owning a new smartphone moved sharply as AI data centres bought memory chips in huge quantities, prompting Counterpoint Research to note that handset makers may lose out while chipmakers prioritise them, reflected in rising price tags. Jefferies reports that low‑end devices could see price hikes of about 30 percent, which may lead consumers to postpone upgrades or buy second‑hand phones. Consequently, India’s refurbished phone market is growing, but the sector now needs a higher standard.
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center · 1 outlet
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…
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right · 1 outlet
Rising memory costs, driven by growing demand from the artificial intelligence industry, could push prices of low-end smartphones up by around 30 per cent and force consumers to delay fresh purchases or opt for second-hand devices, according to a report by Jefferies.
— Livemint
RSS excerpt
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…
