According to a report from TrendForce , RAM and SSD prices will gradually increase this year with prices being 50% more expensive than in 2023. This means that as time goes on, users will have to spend more to get one of these components.
RAM and SSD prices in 2024 could increase by up to 50% compared to last year
The reason for this price increase stems from the gap between supply and demand. Memory chip manufacturers have only achieved minimal profits for many years. Since the Covid-19 pandemic, RAM and SSD prices have continuously dropped sharply due to high inventories, leading to many brands barely making a profit.
Their new strategy is to reduce inventory, stop production, and start producing fewer units than they actually sell. Take Samsung, for example, which has been implementing this strategy for the past few months, making it harder to buy new Samsung models in stores. As a result, the relationship between supply and demand is starting to change. Currently, there is still a lot of inventory, so their prices have only increased slightly, but things will change over time.
Samsung is now the largest manufacturer of NAND chips, meaning that what the Korean company is doing is a game changer for the rest of the industry, which will have to follow a similar strategy to start making a profit. TrendForce warns that in the short term, the price increase could reach 40% before reaching 50% by the end of the year.
In general, RAM and SSD prices will increase over time to make manufacturers more profitable, so if you’re thinking about buying these components, you should take advantage of them now.
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