Smartphones, TVs, laptops to get costlier soon: Here's why

Smartphones, TVs, laptops to get costlier soon: Here's why

The prices of smartphones, televisions, and laptops are likely to increase by 4-8% in the next two months.

This comes on top of a massive price surge of up to 21% seen in November-December last year.

The hike is mainly due to the rising demand for memory chips amid the rapid adoption of artificial intelligence (AI) and high-performance computing technologies.