AI Chips Are Driving Up Phone Prices | Tech News

AI’s hunger for memory chips is driving up phone prices and reshaping global smartphone markets — especially in India, where shipments plunged 10% as brands raise costs and consumers feel the squeeze. Samsung’s the only major player gaining ground there, while budget-focused Chinese brands lose ground. OnePlus is pulling back from Western markets to protect margins, and consumers are stuck paying more, holding onto phones longer, or turning to used devices — with higher prices and shortages expected to last until 2027. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a604e07edacff5d5