๐ฑ Memory shortage sends budget phone sales down 22% โ costs now 64% of device price
A prolonged memory component shortage has pushed chip costs so high they now account for up to 64% of the total manufacturing cost of a budget smartphone. Analysts expect budget phone sales to drop 22% this year as a result, squeezing out the most affordable tier of the market. Entry-level buyers are getting hit hardest right when affordable devices are most in demand. Could this push mid-range prices down, or is everyone just stuck paying more?
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