Smartphone Prices Rise 16% Due to Memory Costs
TV9 Hindi · business
Smartphone prices in India have increased by an average of 16% in the first half of 2026 due to rising memory costs and a weakening rupee. This has made imported parts more expensive for local manufacturers. The market for smartphones is expected to decline, with a significant 65% drop in shipments for phones under ₹10,000. However, OnePlus has managed to keep price hikes minimal, increasing theirs by only 8%. This strategy has helped OnePlus maintain growth while the overall market faces a downturn.