Xiaomi Warns of 2026 Smartphone Price Surge Amid Chip Supply Crunch
Xiaomi anticipates significant smartphone price increases by 2026 as memory chip shortages reach critical levels. The company attributes this to competing demand from AI/data-center sectors and production cuts by major suppliers like Samsung and SK Hynix.
President Lu Weibing confirms secured supply agreements but warns of prolonged component cost pressures. Market dynamics now force manufacturers to recalibrate pricing strategies—Xiaomi recently raised flagship prices citing memory costs.
The secondary smartphone market grows as consumers delay upgrades. Industry analysts note this shortage cycle differs from historical patterns in severity and duration.