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 Nothingโs upcoming devices and continued to rise afterward.
โThe best time was yesterday. The next best time is now,โ 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.