Smartphone Discounts Shrink as Prices Climb Amid AI‑Driven Memory Shortage, Report Says

A recent Business Standard report highlights a shift in the smartphone market. Discount offers on new devices are diminishing. At the same time, retail prices are moving upward. The report links this trend to a memory shortage. The shortage is driven by increased AI workloads. AI applications demand more RAM and storage capacity. Manufacturers are adjusting pricing to cover higher component costs. Consumers may face higher expenses for future phone upgrades.