tech πΈ Chinese phone makers hike prices due to chip costs π±
Major Chinese smartphone makers, including Huawei, Xiaomi, and Honor, have increased prices on several models across different ranges. These hikes were implemented on Tuesday because of escalating costs for essential components like memory chips and mobile processors. For instance, Huawei raised prices for some Mate 80 Pro variants by 1,000 yuan, while Xiaomi increased its 17 Pro by 300 yuan. This coordinated price jump signals market worries about a new cycle of higher costs in the industry. Suppliers like Qualcomm noted price increases after September 1, driven by high demand for memory from AI servers.