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Another major Android phone maker caves to soaring RAM costs with price hikes
Xiaomi has formally announced significant price hikes for its smartphones and tablets, with some models seeing increases of up to ¥20,000 (~$137). This decision follows the company’s struggles to absorb rising component costs driven mainly by soaring memory prices. The new prices will take effect starting September 1 for Xiaomi and Redmi devices, with POCO models following shortly after. With the average consumer facing tighter budgets, these increases may further reduce the competitiveness of Xiaomi's offerings in a contracting market, potentially leading to decreased sales amid already declining shipment figures.
MonitorConfidence: HighShort term horizon
Published 24 Aug 2026, 10:40 UTC2 min read
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Summary
TL;DR
- Xiaomi raises prices of smartphones and tablets due to rising RAM costs
- Price increases range up to ¥20,000 (~$137)
- Xiaomi's smartphones like the 17T Pro to see significant hikes
- Company cites unsustainable costs prompting price adjustments
- Competitiveness among Android manufacturers is at risk
Interesting facts
- Xiaomi had previously absorbed costs but deemed it unsustainable now
- Apple is also expected to increase iPhone prices, indicating overall market trend
- Xiaomi reports a 7.5% year-over-year revenue decline in Q2 2026