The Memory Trap: How AI Driven Price Inflation is Transforming India's Smartphone Market The recent price hikes for Apple iPhones in India have left many wondering if the country has become too expensive to buy a new phone.
While taxes and duties contribute to rising costs, there's a more nuanced explanation at play – one tied to the broader impact of artificial intelligence on the global electronics supply chain.
Historically, India's iPhone prices were higher than in the US due to import duties and tax rates.