AI Demand Drives Up Smartphone, Laptop, And Console Prices

Smartphones, laptops, and gaming consoles are getting more expensive due to an AI-driven memory chip shortage. Prices for common data-centre memory chips rose from $350 to $1,300 in a year. Apple's Tim Cook called the situation "unsustainable." Analysts expect prices to keep rising for two years. For Indian consumers, rupee devaluation adds to the burden.