Oppo and OnePlus are raising prices today. Later this week, vivo and iQOO will do the same. In a joint statement, the two brands say that the new pricing will come into effect on March 18 (Wednesday) at 10:00am local time in China.
The statement is for the Chinese market, but it’s likely that the prices on the global market will be affected as well. Right now, it’s not clear which phones will see a price hike – the statement only says “specific models.”
The reason behind this move is no surprise, but vivo and iQOO spell it out anyway – the rising costs of memory and semiconductors.
vivo and iQOO’s statement: in Chinese • machine translation
Analysts have been warning of upcoming price increases for a while now. Unfortunately, things may be getting worse instead of better – in addition to the impact that AI hyperscalers have had on the market, now helium supply is at risk, which could affect chip production.
Via (in Chinese)