Smartphones could become more expensive in the coming months, according to Nothing CEO Carl Pei. Pei said the cost of RAM and storage has risen sharply, making memory one of the most expensive parts of a phone. He explained that these costs increased during the development of Nothing’s upcoming devices and continued to rise afterward. “The best time was yesterday. The next best time is now,” suggesting that phone prices may continue to increase rather than become cheaper. He also said that memory now makes up more than half of the hardware cost in some smartphones.

Think smartphones dominate American culture? China may have taken the mobile-first lifestyle to another level. On this episode of the Odd Lots podcast, @danwwang joins @TheStalwart and @tracyalloway to discuss how phone culture is reshaping Chinese society—from ordering a croissant for delivery in minutes to livestreaming shopping trips at the mall. Listen at or watch at

👀 #SMIC# saw smartphone-related revenue share fall to 18.9% in Q1, down from 24.2% a year earlier and the lowest since 2021. Are memory headwinds hitting China’s top foundry? 💡More: 🔗