Huawei and Xiaomi Phones Reportedly Raise Prices Again, by Up to 1,000 Yuan

According to media reports, the entire Xiaomi 17 Ultra series saw a price increase today. The starting price of the standard version rose from 6,999 yuan to 7,999 yuan, while the starting price of the higher-positioned Leica version rose from 7,999 yuan to 8,999 yuan. Pricing for all related versions currently sold on Xiaomi's official website has been adjusted. Meanwhile, Huawei also adjusted prices for its nova16 series. The recommended retail prices of the nova16 and nova16 Pro were raised by 400 yuan across the board, and the nova16 SE by 200 yuan, with corresponding channel procurement prices also raised in tandem. Prices for the nova16z and nova16ultra remain unchanged. It is said that the core driver of this round of price increase is the continued surge in memory chip prices, which has sharply eroded the overall profit margins of smartphone companies. To cope with cost pressure and sustain operations, they have no choice but to raise product prices.