Smartphone and Tablet Prices Expected to Rise 25% by Year-End

Murat Azdemir, Deputy Head of Samsung Turkey's Mobile Business Unit, announced that the smartphone market is projected to grow by 7% and the tablet market by 10% throughout 2026. Azdemir attributed these growth forecasts to increased demand in the sector. Azdemir stated that the war between the US and Iran has led to a 9 to 9.5-fold increase in semiconductor costs. He noted that this cost increase is directly reflected in smartphone and tablet prices. Reminding that smartphone and tablet prices have already risen by 25% since the beginning of the year, Azdemir said they expect an additional 25% price increase for these products by the end of the year. He emphasized that this increase is due to the continued rise in semiconductor costs. The industry representative's statements indicate that consumers will need to allocate higher budgets for electronic device purchases in the coming period. Geopolitical risks in the semiconductor supply chain are expected to continue exerting upward pressure on prices. This is not investment advice.