Global demand for smartphones, PCs, and gaming consoles is expected to drop as prices rise with surging memory chip costs. These skyrocketing costs result from competing against heavy demand from artificial intelligence data centers, which takes precedence over consumer devices. Following this, research firms now expect smartphone sales to decline at least 2% this year. Meanwhile, PC sales will decline further after last year’s growth, and console sales are poised for declines. Higher prices will likely eat into consumer demand, particularly for low and mid range devices, although large companies like Apple may be able to absorb some of the costs better than smaller rivals.
Surging Memory Chip Prices Dim Outlook For Consumer Electronics Makers
