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The Verge - Tech
Qualcomm is raising phone chip prices starting September 1st
Qualcomm's CEO announced a price rise on their processors effective September 1st, coinciding with a 20% drop in year-over-year revenue from their handset business. The company attributes this decline to significant increases in memory pricing and supply chain constraints. As Qualcomm shifts its business model, it aims for diversification beyond the smartphone market, with expectations for reduced reliance on phone sales over the next decade.
MonitorConfidence: HighShort term horizonSupply chain risk: High
Published 29 Jul 2026, 22:05 UTC2 min read
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Summary
TL;DR
- Qualcomm to raise processor prices starting September 1st
- Reported a 20% decline in handset revenue
- Citing memory pricing increases and supply chain issues
- Plans to diversify revenue sources beyond smartphones
- Secured a chip supply deal with BMW
Interesting facts
- Qualcomm's modem share for the next iPhone is expected to be lower
- Only half of Qualcomm's revenue will come from phones in the near future
- Some OEMs are reverting to prior generation chips due to higher costs