HMD India warns smartphone prices may stay high until 2027
In short
HMD India’s CEO says phone prices may stay high through the end of 2027. He blamed rising memory and component costs, and said AI demand is part of the pressure.
This matters most for buyers in India’s sub-₹20,000 smartphone segment. The report does not say which models will be affected or by how much prices could rise.
What the reporting says
HMD India CEO Ravi Kunwar said rising memory and component costs could keep smartphone prices elevated through the end of 2027, according to a Mint Technology summary. He linked part of the pressure to AI demand and said the impact may be especially strong in India’s sub-₹20,000 segment. The report does not give a price forecast for a specific handset or say whether HMD will change pricing.
Why it matters
HMD India CEO Ravi Kunwar said rising memory and component costs, partly driven by AI demand, could keep smartphone prices elevated through the end of 2027. He said the pressure may be strongest in India’s sub-₹20,000 segment. The source does not name specific models or price changes, so the immediate effect is a warning rather than a confirmed increase.