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Story summary
- Apple unveiled its first folding iPhone and increased all iPhone prices by £100, citing a RAM shortage.
- IDC vice-president Francisco Jeronimo reported memory component costs rose over 300% year-on-year.
- Samsung, Google and Microsoft followed Apple by adding up to £80 and £220 to flagship phones and Surface computers.
- IDC forecasts worldwide smartphone sales will contract 17% this year, falling to just over 1 billion units.
