The chief of Xiaomi said that smartphone prices would be the costliest by 2026. Industry experts say that this trend will be obvious by the end of 2025. Major triggers include technological advancement, more expensive raw materials, and sophistication in the global supply chain.
Rising Raw Material Cost:
At present, chip prices are high because of the high prices of some other important materials around the world, raising manufacturing costs for smartphones. There has been an unprecedented increase in price for what constitutes smart modern-day smartphones, such as a microprocessor or camera sensor, battery, display panel, and other components. These added costs make a huge burden for manufacturers of smartphones, who will most likely master decision-making to enhance the value of their products.
Global Supply Chain Issues:
The great turmoil worldwide began through the very problem instigated by the Covid-19 pandemic, and it's still going on today. Most importantly, global problems for a manufacturer of smartphones are in regard to the shortage of chips. It seems that, if these conditions are prolonged, in the end, they will definitely hike the cost for phone manufacturers, thereby increasing the prices.
Technological Advancement
What continues to happen with technology is the continuous addition of new features and more advanced technologies on Xiaomi phones. The latest features/technologies that fall under these improvements are: 5G-enabled, advanced camera sensors, foldable displays, better performance, and long-lasting batteries added to the smartphone modernity. However, these advancements require newer raw materials and processes, thereby increasing production costs.
Effect of price increases
Out of many other regions, the cellphone market of Bangladesh might have to bear the brunt of increased prices. This is because there would be a dip in the purchasing power of a common man owing to the price hike of commodities in the country: the price of new technologies or feature-rich phones is bound to increase. This condition might provide a very difficult challenge for the Bangladeshi smartphone industry.
Future Plans of Xiaomi
The Xiaomi chief mentioned that though they will aim for more advanced and affordable phones in the future, prices can increase in the present market scenario. Moreover, they guarantee better quality and technology in phones for their customers.
Not from the conclusion, it is highly likely that Xiaomi smartphone prices would increase in 2026, which would massively affect consumers. The predominant factors that will determine the survival scenarios on these issues are given below: raw materials, technology, and market conditions.
So, what will be the preparation?
If upward-moving smartphone prices are as expected, it could mean that there is a good chance for the buyer looking for a new mobile device prbefore026 to just go for some of the best offers and most interesting discounts currently on the market.
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