Skyrocketing costs for memory will jack up smartphone prices — Chinese manufacturer Xiaomi warns of higher prices for new devices

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The increasing cost of memory chips seems to be slowly creeping into the smartphone industry. Chinese smartphone manufacturer Xiaomi saw a disappointing response to its newly launched Redmi K90 range. According to a Reuters report, Xiaomi President Lu Weibing wrote in a social media post that cost pressure is being passed on to the pricing of the company’s new and upcoming products.

For context, Xiaomi launched its budget-centric Redmi K90 series in China on Thursday. The base configuration featuring…



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Skyrocketing costs for memory will jack up smartphone prices — Chinese manufacturer Xiaomi warns of higher prices for new devices


The increasing cost of memory chips seems to be slowly creeping into the smartphone industry. Chinese smartphone manufacturer Xiaomi saw a disappointing response to its newly launched Redmi K90 range. According to a Reuters report, Xiaomi President Lu Weibing wrote in a social media post that cost pressure is being passed on to the pricing of the company’s new and upcoming products.

For context, Xiaomi launched its budget-centric Redmi K90 series in China on Thursday. The base configuration featuring…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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