Brace yourselves: Another major phone brand is signaling a price hike
Huawei's consumer business head indicated upcoming price hikes alongside the Mate 90 series' launch.
Huawei, another major phone brand, has hinted at the possibility of raising phone prices due to soaring costs associated with memory and components. This follows a trend of price increases by other phone manufacturers such as Apple, Samsung, and Google. In addition, Huawei anticipates a challenging period for the smartphone industry as a whole, with budget devices expected to be disproportionately affected. The rising costs of components are not showing any signs of abating and may soon extend to more brands in the future.
Richard Yu, the chairman of Huawei's consumer business, revealed to Chinese media that the company intends to raise product prices by a "moderate" amount. Yu explained that the company has absorbed additional costs of around $200, which has significantly impacted its profitability. This statement came during the launch of Huawei's new flagship Mate 90 series, which includes a limited edition model priced up to CNY 18,999 (~$2,835).
The series also features a detachable camera with its own sensor and lens system capable of up to 10x optical zoom.
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