RAMageddon won’t be the only reason your next phone costs more – Qualcomm is about to raise prices on all its processors, as well. Qualcomm CEO Cristiano Amon said on Wednesday that « prices are going to go up » on the company’s products starting on September 1st, CNBC reports. The price hikes were rumored last week to be « a percentage in the double digits. »
Qualcomm announced the planned price increases while reporting a 20 percent year-over-year drop in revenue from its handset business, the lowest it’s reported since 2021. In its quarterly earnings presentation, Qualcomm said this drop is due to « unprecedented increases in memory pricing …
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