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

Xiaomi warns of higher smartphone prices due to skyrocketing memory costs, with the base model of the Redmi K90 series priced at $364, $14 more than its predecessor. The company plans to lower the price of the most popular model by $42 for the first month of sales. The cost increase is attributed to rising NAND and DRAM prices, driven by AI infrastructure development and supply chain constraints. This trend is expected to impact consumer pricing across various devices, including smartphones, laptops, and desktops.