30 September 2026 China Technology Equities Consumer electronics: Memory has moved on China Hope amid hard times. This report looks at what component shortages and higher memory prices mean for the economics of the smartphone market. The key message is that while average selling prices have jumped as costs surged, handset makers don't need memory prices to fall to recover. Any slowdown in AI-driven memory price inflation could be enough for margins to improve before shipments start to increase. Stabilisatio ...