Global RAM Price Surge Impacts Indian Smartphone Shipments and Prices

Indian smartphone makers face challenges as global RAM prices have surged sharply since August 2025, causing a roughly 25% decline in shipments and an 8% rise in average selling prices. The price increase, driven by high demand from AI companies, has particularly impacted entry-level devices. Major brands like Motorola, Oppo, and Realme report volume declines between 20% and 68%. Despite this, India remains the world's second-largest mobile phone producer and top smartphone exporter, with Apple leading exports.