Core Viewpoint - The storage market has entered a "super bull market" phase, surpassing historical highs from 2018, driven by the increasing demand for AI and server capacity. Supplier bargaining power has reached an all-time high, with storage prices expected to rise significantly in the coming years [4]. Price Trends - The price of 64GB RDIMM storage has surged from $255 in Q3 2025 to $450 in Q4 2025, with expectations to further increase to $700 by March 2026. A price point of $1,000 (approximately $1.95/Gb) within this year is plausible, nearly double the 2018 peak of $1.00/Gb [5]. Cost Structure Changes - The ongoing rise in storage prices is fundamentally altering the Bill of Materials (BoM) for hardware manufacturers. Although capital expenditures are increasing, the supply-demand gap remains, with DRAM production expected to grow by 24% year-on-year in 2026 [6]. Smartphone Impact - By 2025, storage will account for over 10% of the BoM in the iPhone 17 Pro Max, up from about 8% in the iPhone 12 Pro Max in 2020. For flagship models with 16GB–24GB LPDDR5X memory and 512GB–1TB UFS 4.0 storage, the storage cost may exceed 20% of the BoM due to current price increases. The supply of older technologies like LPDDR4 and eMMC is rapidly shrinking as leading manufacturers shift production to more profitable server DDR5 storage [10].

研调机构Counterpoint Research最新报告中表示，存储市场已进入"超级牛市"阶段，当前行情甚至超越 了2018年的历史高点，存储价格2026年Q1还将再涨40%–50%，2026年Q2预计再上涨约20%。 而在供应部分，Counterpoint预计2026年DRAM产量同比增长24%，但距离满足需求仍需时日。 财经频道更多独家策划、专家专栏，免费查阅>> 举例而言，64GB RDIMM内存条的价格已从2025年Q3的255美元（0.50美元/Gb）大幅上涨至Q4的450美 元（0.88美元/Gb），并预计在2026年3月进一步攀升至700美元（1.37美元/Gb），该产品今年内价格若 攀升至 1000 美元（1.95美元 /Gb）也并不令人意外。而 2018年高点也仅有1.00美元/Gb。 责任编辑：栎树 而在智能手机端，对于搭载16GB~24GB LPDDR5X内存及512GB~1TB UFS 4.0存储的旗舰机型，在当前 价格上涨背景下，存储成本可能占BoM的20%甚至更高。 ...