Xiaomi President warns: next year’s smartphones will be even more expensive | Infinium-tech
Xiaomi recently published third quarter results, and the company is also warning that global memory chip prices will push up smartphone prices.
Memory is becoming more expensive due to the AI bubble/boom (choose what you want/believe in). Memory manufacturers like Samsung are not prioritizing memory production for phones, because the data center market for AI is where the money is right now.
Xiaomi 17 Pro Max
According to Xiaomi President Lu Weibing, all this means that next year’s smartphones will be even more expensive than this year’s. “I expect the pressure to be much higher next year than this year. Overall, consumers may see a considerable increase in retail prices of the product. Some of the pressure may have to be addressed through price increases, but price increases alone will not be enough to digest it”, he said.
Therefore, the continuous rise in smartphone prices in 2026 is not going to stop, reverse, or even slow down. Every device will become more expensive again – that is, of course, if Lu’s predictions come true. We hope they don’t, but look at where smartphone prices are today compared to a few years ago and you’ll understand why we’re not holding our breath.
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