Yu Chengdong: With the rising costs of memory, smartphones may face significant price hikes in the future.

On the afternoon of August 5, Yu Chengdong, Executive Director, Chairman of the Product Investment Review Committee, and Chairman of the Terminal BG at Huawei, stated at the Huawei product launch that due to the soaring prices of memory, all mobile phones may have to undergo significant price increases in the future; otherwise, they will be sold at a loss at the original prices.