Xiaomi raises flagship phone prices as memory and chip costs climb

Xiaomi raised prices on several flagship smartphones in China on August 2, including the REDMI Turbo 5, K90 series, and Xiaomi 17 series, according to Xiaomi Store. The move adds CNY300 to CNY500 (US$44.46 to US$74.10) to each individual product depending on price positioning, with the largest increase reaching more than 10%.