vivo and iQOO are raising the prices of select smartphones on Wednesday | Infinium-tech
Oppo and OnePlus are increasing prices today. Later this week, Vivo and iQOO will do the same. In a joint statement, both brands say the new price will come into effect on March 18 (Wednesday) at 10:00 am local time in China.
This statement is for the Chinese market, but it is likely that prices in the global market will also be affected. Right now, it’s unclear which phones will see a price hike – the statement only says “specific models.”
The reason behind the move comes as no surprise, but Vivo and iQOO explain it anyway – rising costs of memory and semiconductors.
Vivo and iQOO statement: in Chinese • Machine translation
Analysts have been warning of upcoming price increases for some time. Unfortunately, things may get worse instead of better – plus the impact AI hyperscalers have now had on the market helium supply at riskWhich may affect chip production.
through (in Chinese)
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