Neutral impactCorporate Action

Smartphones could get 30% costlier! How AI is driving up prices of your next upgrade

Times of India 1 hr ago·5 Nov 2026, 8:42 am

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 instead. Additionally, global smartphone shipments are projected to decline significantly, impacting the affordable segment the most.

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