Smartphone Price Hike in 2025: The demand for smartphones is increasing rapidly across the world. Every day new companies are launching smartphones in the markets. But smartphones may become expensive in the year 2025. Three big reasons have emerged behind this. As the use of AI is increasing, big tech companies are also emphasizing on AI. In such a situation, the prices of phones are increasing.
Know the three big reasons for price increase
There could be three reasons behind the increase in the price of smartphones in the year 2025. Firstly, the increasing price of good components, secondly, increasing expenses due to the arrival of 5G network and thirdly, the increasing use of new technology like AI. According to Counterpoint Research, the average price of smartphones may increase by 3% in 2024 and 5% in 2025. This is because people are now buying expensive phones with more powerful processors and AI.
Smartphones are becoming expensive because of generative AI. People are liking AI features a lot. Therefore, smartphone manufacturing companies are making chips with more powerful CPU, NPU and GPU. The price of these chips is usually quite high, due to which the price of the phone also increases. The price of components is also increasing due to new technologies for making chips, such as 4nm and 3nm. Apart from this, companies have to spend more money in creating and improving software.
Smartphones are also getting upgraded with time.
However, as technology is progressing, smartphones are also being upgraded. In such a situation, along with the increasing prices, good phones are also coming in the market. This includes a better camera and a more intelligent virtual assistant. Smartphones with special features can also be seen in the coming times.
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