AI infrastructure is making smartphones pricier

Consumer electronics and AI data centers need memory chips. But there are only a handful of companies in the world that make them. The surge in demand has caused memory shortages and price spikes for everything, including our all-important smartphones.

Gerrit Schneemann is principal analyst at Counterpoint Research, which recently reported global phone prices have jumped by an average of 15%, and even more in markets where consumers can least afford it.

More on this:

“The AI boom is making the world’s cheapest smartphones disappear” from Rest of World

“Global Existing Smartphone Prices Climb About 15% in 2026, New Launches 25% Costlier YoY as OEMs Maneuver Memory Price Hikes” from Counterpoint Research