Xiaomi Blames Rising Memory Chip Costs for Higher Smartphone Prices
Xiaomi Corporation has attributed the rising costs of memory chips to the increased production expenses of its smartphones.
Xiaomi’s President Lu Weibing addressed the issue of escalating memory chip prices on Weibo, which have led to an increase in production costs.
- The new Redmi K90 series has been met with market disappointment due to its pricing.
- The base model of the Redmi K90 starts at 2,599 yuan ($364) for 12 GB of memory and 256 GB of storage.
The price is a significant increase from the 2,499 yuan ($350) price tag of its predecessor, the K80 series, launched in November 2024.
Xiaomi faces challenges from other smartphone manufacturers such as Samsung Electronics Co and Apple.
Author's summary: Xiaomi increases smartphone prices due to memory chip costs.