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Samsung hikes Galaxy S26 price due to chip shortage
Samsung and Huawei are preparing to raise the prices of their smartphones due to rising production costs, primarily as a result of the chip shortage crisis and the increasing prices of memory chips. Samsung announced that the prices of Galaxy S26 phones will see an increase of up to approximately $112, with the Galaxy S26 rising from around $934 to $1,046. Reports also suggest that Huawei will hike the prices of its Mate 90 models by at least $150. This comes amid a global decline in phone sales by 21% in 2026, due to the rising costs of chips and manufacturing devices, along with price increases affecting Apple and other companies. The surge in prices is driven by the growing demand for memory chips used in artificial intelligence and data centers.
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