Xiaomi raises smartphone prices by up to 25% as RAM costs soar

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Xiaomi is raising prices on several smartphones and tablets by up to ¥20,000 (~$137), citing soaring memory and component costs.

The Xiaomi 17T Pro and several POCO X8 Pro models will get the biggest increases, with some models becoming around 25% more expensive.

Xiaomi’s latest move is another sign that the memory shortage is forcing smartphone makers to pass higher component costs on to consumers.

The RAM crisis is starting to hit smartphone prices hard, and Xiaomi is the latest major Android phone maker to cave to rising component costs.

The company has announced price increases for several smartphones and tablets, with some devices getting a hefty ¥20,000 (~$137) increase. Xiaomi says soaring memory prices and other rising product costs have become too difficult for the company to absorb.