Samsung phones may face price hikes

Samsung is facing rising production costs and a supply shortage of memory components, which may lead it to increase prices for a range of its smartphones within the Galaxy series, including the Galaxy S series, foldable Galaxy Z phones, and FE editions. Price hikes are expected to begin in some European markets during the first weeks of June, with increases ranging from 100 to 200 euros, and larger impacts on higher-capacity models due to the rising cost of memory chips. This move comes amid a global slowdown in the electronics industry, driven by rising component costs and supply chain challenges.

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