Chinese suppliers raise electronics prices: It will be reflected in consumers as a hike


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Semiconductor shortages are causing an increase in electronics prices. According to the latest information, Chinese suppliers have seen a new increase in their electronic prices.

Chinese suppliers raise electronics prices It will be reflected in consumers as a hike

According to ChinaDaily, the prices of almost all electronic products have increased in China. This is due to the shortage of microcircuits and other components and its reflection on the sector.

Since the beginning of 2021, the prices of smartphones, tablets, computers, and components, accessories, and even household appliances have increased. Experts expect prices to rise throughout 2021. Laptop sales prices in China have increased by about 6% in the quarter, and this is far from the limit. Huawei, Acer, Asus, and Lenovo are warning consumers about the increase in prices.

Chinese suppliers raise electronics prices It will be reflected in consumers as a hike 1

ChinaDaily writes that factories and suppliers have increased the prices of electronic components by 10-30%. This will lead to an increase in the cost of the devices, and as a result, increased retail prices in stores.

At the same time, the demand for electronic devices does not decrease, and even the situation is the opposite. For example, demand for desktops and laptops increased by about 50% throughout the year. This is due to the coronavirus pandemic, with many employees choosing to work at home, not in offices.

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