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 flagship devices.

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…

Phone prices are soaring because of the memory crisis.

The memory crunch has dragged down global smartphone shipments to the lowest second-quarter levels in 13 years.