A memory shock is pushing phone prices up across the board. The company that used to be Nokia is doing the opposite — and the numbers say it is working.

A memory shock is pushing phone prices up across the board. The company that used to be Nokia is doing the opposite — and the numbers say it is working.

The chips that store your photos and run your apps have doubled in price. For the cheap phone, that is turning into a death sentence — and India sits at the sharp end.