Reported about 22 hours ago
Xiaomi, the Chinese smartphone manufacturer, has announced that soaring memory chip prices are increasing the production costs of its devices. Following the disappointing market response to its new Redmi K90 series, President Lu Weibing emphasized on Weibo the significant impact of unexpected cost pressures, stating that the pricing of new products will reflect these rising costs. To mitigate consumer disappointment over pricing discrepancies, Xiaomi plans to temporarily lower the price of its most popular K90 model.
Source: YAHOO