This could be disappointing news for Samsung fans. Reports suggest that Samsung is preparing to increase the prices of its smartphones soon.
The company has indicated that the price hike may apply to several of its products, including smartphones.
The main reason behind this move is the sharp rise in memory chip prices, which have gone up by almost 50%.
This surge is due to the growing demand from AI servers and ongoing supply chain issues.
As a result, smartphone manufacturers like Samsung are facing increased production costs.
Why Are Samsung Prices Increasing?
According to a report by Digit.in, many smartphone companies, including Samsung, are struggling with rising production expenses caused by the shortage of memory chips.
The booming AI industry has shifted the focus of chip manufacturers toward high-bandwidth memory (HBM) chips used in AI servers.
Because of this, Samsung and others now have limited access to affordable smartphone chips, pushing them to raise prices to manage costs.
Which Samsung Phones Will Be Affected?
The mid-range and budget models are expected to be affected first, as these phones already operate on thin profit margins.
The Galaxy M and Galaxy A series are likely to see price hikes soon.
However, Samsung has clarified that its flagship Galaxy S series will remain unaffected for now, at least in the short term.
Should You Buy a Samsung Phone Now?
If you’re planning to buy a Samsung phone and it fits your budget, now might be the right time.
Prices are expected to increase in the coming months, so purchasing earlier could save you some money.
