Technical Details
Xiaomi CEO Lei Jun has warned that smartphones may become even more expensive in the coming years as memory chip prices continue to rise across the industry. Speaking at the Xiaomi 17 Max presentation, Lei Jun stated that users who regularly update their phones every year may want to consider buying a smartphone sooner. According to him, the ongoing increase in component costs will lead to further price increases for smartphones.
Context and Background
After the presentation, Lei Jun told the media that Xiaomi was one of the first smartphone brands to publicly warn about the rise in memory prices. He said that the cost of memory chips is expected to continue to rise for at least the next two years, which will put additional pressure on the smartphone industry.
Industry Impact
The company's leader explained that the rise in DRAM and flash memory prices is already affecting the production cost of smartphones and other consumer electronics. Despite this, Xiaomi claims to be trying to minimize the negative impact on consumers by improving supply chain efficiency and internal technological optimization.