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Why Your Phone Is Getting More Expensive
Confirmed
In Short: The cost of consumer electronics is rising due to memory shortages, driving up the price of devices like power banks and smartphones.

The Verge reported that a new power bank, the MagFlow Pro, is now available for $149.99, which is significantly more expensive than other 10,000mAh power banks. The company claims it features a liquid-cooling system and wireless charging, justifying the higher price point.
In addition to memory shortages and rising supplement costs, the trend of adding fancy features to power banks is also driving up prices. "Does your power bank have ‘CryoPulse technology’ or a ‘Cyber Window’?" asked a tech reviewer at The Verge, highlighting the marketing tactics used to justify higher prices.
Eonline reported that affordable wedding dresses are becoming more difficult to find, with prices increasing despite the availability of more affordable options. "Trust us, these dresses are affordable, elevated, and exactly what you want to be photographed in for your friend/cousin/sister/anyone you know's wedding," the article stated, suggesting that the market for wedding dresses is also being affected by rising costs.
What's confirmed
What's still developing
- The update also adds several other features: users can now send a video from their phone to their car.
- The shortage is reversing a decades-long decline in memory costs that helped make consumer electronics more powerful without making them dramatically more expensive.
- Posts from this topic will be added to your daily email digest and your homepage feed.
- Voice dictation is getting so sharp, in fact, that I often write drafts in my notepad and then dictate aloud to my laptop.
- I’m much more open to giving feedback by blabbering for 20 seconds into my phone, good or bad, than I am to waiting on hold for who knows how long until someone answers.
- Shoppers can scan a QR code or tap their phone to an NFC chip posted in a store and then say whatever they want.
- If you've ever stood staring at a wall of supplements, wondering whether that bottle of fish oil, vitamin D, or saffron might lift your mood, you're not alone.
- And they may be less expensive and easier to obtain.
