Smartphones set to become more expensive, warns Nothing co-founder Carl Pei and here are the reasons

Worried about 2026 smartphones getting pricier? According to Carl Pei, co-founder and CEO of Nothing, there are more reasons to worry this year. Pei has predicted that smartphones will become noticeably more expensive in the coming years, driven by escalating production costs, supply chain complexities, and the increasing sophistication of technology. In an interview with Moneycontrol, Pei highlighted that the era of affordable, feature-packed smartphones may be nearing its end as manufacturers grapple with higher raw material prices, geopolitical disruptions, and the rising cost of advanced components.