Budget phones projected to take a hit amid pressure from soaring memory prices

Samsung launches its budget new S25 FE .

What you need to know

• Omdia's latest research suggests rising memory costs will wound the budget phone market this year.
• Data says the budget phone market could drop by 22%, as companies struggle to find positivity.
• As a result, companies might turn to phones priced higher than $400, seeing as there's more leeway with swapping out materials to turn a profit.