Second Hand Mobiles: Surging component costs and RAMageddon are driving buyers towards refurbished smartphones across India as device prices climb significantly and affordability drops for consumers. Since mid-2025, smartphone memory and storage prices have surged over 300% because Big Tech firms are buying the majority of chipset shipments for AI data centres.The global crisis involving a shortage of memory chips and hike in smartphone prices has been dubbed the RAMageddon effect..