High component costs kill cheap phones as sub-$100 segment sees 64% decline

The global price crunch has severely impacted US smartphone sales, with the sub-$100 segment seeing a 64% year-over-year decline. High component costs are driving up prices and reducing availability of budget devices.

• Omdia says phone prices will stay high after the shortage ends
• Smartphones under $100 are about to become a rarity
• Here’s proof that high component costs are killing cheap phones
• The memory crisis is killing off sub-$100 smartphones as US sales plunge 64%