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Qualcomm is about to raise prices and that’s bad news for everyone

First publishedJul 24, 19:14 UTC

Last updatedJul 24, 22:05 UTC · 7m ago

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Qualcomm is about to raise prices and that’s bad news for everyone

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Answer

Reported by 1 outlet — The Verge. See all sources ↓

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 continue to drive up prices. The company also said it attempted to source components from alternate suppliers prior to announcing the price hikes.

Read the full report at The Verge ↗

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In brief

What's the story?: 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.
How widely is it covered?: 1 outlet, average source rating 6.0/10.
When was it last updated?: 7m ago.

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Qualcomm is about to raise prices and that’s bad news for everyone
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TypeCoverage
The VergeJul 24, 19:14