JD.com (JD) exec says due to rising memory costs, have seen industry wide price hikes for smartphones and PCs since March; in the short term electronics price hikes does dampen consumer demands to some extent

JD.com executives have pointed out that rising memory costs have led to industry-wide price increases for smartphones and PCs, which could dampen consumer demand in the near term. This suggests a significant supply-side challenge affecting electronics, potentially contributing to inflationary pressures in the sector and impacting broader consumer confidence and spending patterns.