Xiaomi President warns: next year’s smartphones will be even more expensive

Estimated read time 2 min read

Xiaomi just published its results for the third quarter, and the company is also warning that global memory chip prices will drive smartphone prices up.

Memory is getting more expensive because of the AI bubble/boom (pick which one you want/believe in). Memory makers like Samsung are deprioritizing memory production for phones, since the data center market for AI is where the money’s at right now.

Xiaomi 17 Pro Max

According to Xiaomi President Lu Weibing, all of this means next year’s smartphones will be even more expensive than this year’s. “I expect pressure to be much heavier…

​ Xiaomi just published its results for the third quarter, and the company is also warning that global memory chip prices will drive smartphone prices up.

Memory is getting more expensive because of the AI bubble/boom (pick which one you want/believe in). Memory makers like Samsung are deprioritizing memory production for phones, since the data center market for AI is where the money’s at right now.

Xiaomi 17 Pro Max

According to Xiaomi President Lu Weibing, all of this means next year’s smartphones will be even more expensive than this year’s. “I expect pressure to be much heavier…   Read More GSMArena.com – Latest articles 

You May Also Like

More From Author