arts
Gadget prices have fallen for decades. Then AI happened.
By Mary Cunningham at CBS4 Miami
· June 26, 2026
· 4 min read
After decades of declining costs, consumer electronics ranging from computers to video game consoles are jumping in price as the artificial intelligence boom drives a global shortage of memory and storage chips. "The vast majority of the chips are going to the AI buildout and the data center revolut
Key takeaway "The vast majority of the chips are going to the AI buildout and the data center revolution we're seeing," Wedbush Securities analyst Dan Ives told CBS News.
Why this matters in The Miami
The surge in gadget prices due to the global shortage of memory and storage chips has significant implications for Miami 's tech-savvy community. As a major hub for Latin American and Caribbean communities, Miami is home to a diverse population that relies heavily on consumer electronics for both personal and professional use. The price hikes announced by Apple and Microsoft will likely be felt by residents and businesses in neighborhoods like Wynwood and Brickell, where technology and innovation are driving forces behind the local economy. Furthermore, the city's thriving arts scene, which often incorporates digital media and technology, may also be impacted by the increased costs of electronic devices and components. As the demand for chips continues to drive up prices, Miamians can expect to pay more for everything from iPhones to Xbox consoles, making it essential to budget accordingly and explore alternative options for staying connected and creative.
About this story
Original reporting by CBS4 Miami . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS4 Miami . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 26, 2026 ·
Source: CBS4 Miami ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? After decades of declining costs, consumer electronics ranging from computers to video game consoles are jumping in price as the artificial intelligence boom drives a global shortage of memory and storage chips. "The vast majority of the chips are going to the AI buildout and the data center revolut
When was this published? This article was first published on June 26, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Mary Cunningham at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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