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Tom’s Hardware
Tom’s Hardware
Technology
Kunal Khullar

Skyrocketing costs for memory will jack up smartphone prices — Chinese manufacturer Xiaomi warns of higher prices for new devices

Xiaomi Memory Lu Weibing Samsung
Samsung.

The increasing cost of memory chips seems to be slowly creeping into the smartphone industry. Chinese smartphone manufacturer Xiaomi saw a disappointing response to its newly launched Redmi K90 range. According to a Reuters report, Xiaomi President Lu Weibing wrote in a social media post that cost pressure is being passed on to the pricing of the company's new and upcoming products.

For context, Xiaomi launched its budget-centric Redmi K90 series in China on Thursday. The base configuration featuring 12GB of memory and 256GB of storage is priced at 2,599 Yuan ($364), which is about 100 Yuan ($14) more than the previous-generation Redmi K80, which launched in November 2024.

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