Brace yourself: Xiaomi warns of a ‘sizeable rise’ in smartphone prices next year

Samsung Galaxy S25 Ultra Review.

• Xiaomi's president has warned that smartphone prices could increase a lot
• This is due to the rising cost of memory chips
• Memory pricing would affect all phone brands, not just Xiaomi

If you thought smartphones were expensive now, you could be in for a shock next year, as according to Xiaomi President Lu Weibing, their prices could be in for a “sizeable rise.”