Qualcomm is about to raise prices and that’s bad news for everyone
Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI.Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by “a percentage in the double digits,” Bloomberg reports. The price hikes will go into effect starting with products shipped after September 1st.Qualcomm claims it has “exhausted its ability to absorb higher costs from suppliers,” as ongoing component shortages continue to drive up prices. The company also said it attempted to source components from alternate suppliers prior to announcing the price hikes.As Bloomberg notes, Qualcomm’s price increases will likely have a ripple effect, particularly for smartphones.
- ▪Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI.Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by “a percentage in the double digits,” Bloomberg reports.
- ▪The price hikes will go into effect starting with products shipped after September 1st.Qualcomm claims it has “exhausted its ability to absorb higher costs from suppliers,” as ongoing component shortages continue to drive up prices.
- ▪The company also said it attempted to source components from alternate suppliers prior to announcing the price hikes.As Bloomberg notes, Qualcomm’s price increases will likely have a ripple effect, particularly for smartphones.
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GadgetsCloseGadgetsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All GadgetsBusinessCloseBusinessPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All BusinessNewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All NewsQualcomm is about to raise prices and that’s bad news for everyoneThe double-digit price hikes will reportedly start with products shipped after September 1st.The double-digit price hikes will reportedly start with products shipped after September 1st.by Stevie BonifieldCloseStevie BonifieldNews WriterPosts from this author will be added to your daily email digest and your homepage feed.FollowFollowSee All…
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