Xiaomi is a well-known brand also thanks to the advantageous prices of its products. But according to President Xiaomi’s latest statement, times may change. Xiaomi cannot influence all the circumstances of electronics production, and therefore may have to become more expensive. Why is Xiaomi threatening to rise in price?
The world of consumer electronics is currently narrowed by a lack of production capacity for silicon chips. Unfortunately, this situation also affected Xiaomi. In a recent interview with investors, Wang Xiang, the company’s president himself, suggested that prices could rise soon. Supplies of silicon chips they make wrinkles in all industries and a Chinese company is unfortunately no exception. The lack of silicon chips is already hampering the production of next-generation game consoles, graphics cards, and even new cars. Smartphones and watches are just one of many victims in a long line.
Wang Xiang assured that Xiaomi will still do his best to provide customers with the best possible offer. However, circumstances may require an adjustment in the prices of some products. The current lack of chips has many causes. One of them is, of course, a change in consumer behavior in connection with the ongoing pandemic. An unexpected factor, however, is the great drought in Taiwan, which is a key producer of silicon chips. Semiconductor factories need large amounts of water. It is this key island that is now plagued by severe droughts due to global climate change.
How will you react if Xiaomi becomes more expensive?
Source: androidauthority
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