19 November 2025 Asia Tech Hardware Asia Tech: What history tells about memory pricing impact on smartphone sector? Alex Wang, CFA +852 2123 2613 alex.wang@bernsteinsg.com Eunice Lee, CFA +852 2123 2606 eunice.lee@bernsteinsg.com Shirley Yang, CFA +852 2123 2660 shirley.yang@bernsteinsg.com Yipin Cai, CFA +852 2123 2669 yipin.cai@bernsteinsg.com Mika Fu +852 2166 4805 mika.fu@bernsteinsg.com The recent memory price rally has raised concerns about the smartphone OEMs' profitability, and the impact on other s ...