Smartphone market to shrink 15 percent this year due to memory crisis

Unless your personal tech budget has bloated, prepare to stick with your current smartphone for a while thanks to AI-driven demand that has driven up memory prices and made new handsets so expensive that sales are falling dramatically. So says research firm CCS Insight, which expects smartphone shipments to fall by 15 percent this year as some entry-level devices have already seen their sticker prices go up by more than 50 percent since last year. The firm found that the primary smartphone marke