EQUIPThe Verge · 24 Jul
Qualcomm is about to raise prices and that’s bad news for everyone
Executive Brief
The 30-second read
Qualcomm will implement double-digit price increases for all products shipped after September 1. The company cites an inability to absorb rising supplier costs amid persistent global component shortages.
- 01Price hikes starting September 1 will reach double-digit percentages across Qualcomm's product portfolio
- 02Company leadership claims they can no longer absorb increased costs from upstream component suppliers
- 03Ongoing semiconductor and component shortages are the primary drivers for this pricing adjustment
- 04Bloomberg reports the policy change was communicated to customers via an official Friday letter
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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 […]