Is era of affordable smartphones ending? HMD India CEO warns prices may stay high till 2027

T1Covered by 1 source · first reported by Mint — Technology / AI at 06 Oct, 07:14 UTC

HMD India CEO Ravi Kunwar said rising memory and component costs, partly driven by AI demand, could keep smartphone prices elevated through the end of 2027. The company expects price pressure to be particularly significant in India's sub- ₹20,000 segment.