Phone prices could get more expensive

(CNN)– Be prepared to pay more for the gadgets most people can’t live without.

Price hikes are expected for items like smartphones, smartwatches, and tablets, thanks to the Ai boom.

Analysts say memory costs are heading upward because manufacturers are boosting production for Ai data centers.

Meta, Google and Microsoft are among the tech giants who are expanding data centers and infrastructure in order to deal with the demand for artificial intelligence.

The average price for a smartphone is expected to rise to $465 next year, according to Popal.