Smartphone Market: Cheap Phones at Risk due to Price Increases and Decreasing Shipments
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Insights by Echo AI
The smartphone market is facing challenges due to a shortage of memory and increased manufacturing costs. A recent forecast predicts a decrease of 16.7% in global mobile phone shipments by 2026. The price of DRAM and NAND chips has increased by over 300% in a year, leading to an expected increase in the average smartphone price by 27.6%. This trend could squeeze out cheaper devices from the market.
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