Qualcomm is raising SIM prices starting September 1

RAMageddon won’t be the only reason your next phone will cost more, as Qualcomm is about to raise prices on all of its processors as well. Qualcomm CEO Cristiano Amon said on Wednesday that “prices will go up” on the company’s products starting September 1. CNBC Reports. Prices were high Rumor last week to be a “double-digit percentage”.

Qualcomm announced the planned price increases while reporting a 20 percent year-over-year decline in revenue for its mobile business, the lowest level ever reported. Since 2021. In its quarterly earnings presentation, Qualcomm said the decline was due to “unprecedented increases in memory prices and supply constraints,” which were Raising prices On everything from Game controllers to Laptops And even Raspberry Pi boardswith no sign of stopping Any time soon. But instead of making lower profits as a result, the company says it will raise its prices to compensate.

Qualcomm also expects an “acceleration” in revenue declines from Apple products, noting that its “modem share at the launch of the next iPhone is expected to be materially lower.” It twice suggested on the earnings call that its other companies would make up the difference.

With smartphone revenues declining, Qualcomm appears to be planning to become a tripartite of phones, data center and automotive — it said today that only half of its revenue will come from phones soon, and only a third will be from phones by 2029, with its data center and automotive business growing.

Qualcomm announced the decade-long deal on Wednesday Display chips for BMW. Qualcomm EVP, CFO and COO Akash Palkhiwala also said that some OEMs have started using “previous generation” Qualcomm chips in their devices in response to rising component costs.