Global Smartphone Prices to Rise in 2026 Amid Memory Chip Shortage

Smartphone prices are set to increase globally, with an average 6.9% hike expected in 2026. This is primarily due to a severe memory chip shortage driven by surging AI data center demand, forcing manufacturers to pass on rising component costs to consumers.

• Smartphone prices globally are expected to rise by nearly 7% in 2026.
• AI data center demand for memory chips is causing a severe global shortage.
• Memory chip prices have significantly surged, with further increases projected into 2026.
• Budget and mid-range smartphones will be most affected by increased production costs.
• Manufacturers are considering raising prices or cutting specifications to cope.
• Upcoming models like Xiaomi 17 Ultra, Galaxy S26, and iPhone 18 are expected to be costlier.

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