Entry-level smartphone and television sales have declined for the first time in over a decade. Successive price increases, driven by memory chip costs, are deterring first-time buyers. Mid-range and premium device demand continues to grow at a faster pace than last year. This shift has prompted companies to reduce their model portfolios across categories. Some manufacturers are re-entering the non-smart TV market to offer lower prices.

Entry-level smartphone and television sales have declined for the first time in over a decade. Successive price increases, driven by memory chip costs, are deterring first-time…

Rising DRAM and NAND prices are squeezing budget smartphones, forcing manufacturers to cut features while premium models continue advancing, widening the gap between low-cost and…