Huawei's Yu Chengdong stated that due to rising memory costs, Huawei will increase phone prices to maintain its survival.

Huawei's senior executive Yu Chengdong stated that due to rising memory costs, the cost of each mobile phone has increased by 200 dollars, forcing Huawei to raise prices to sustain the company's operations, which will affect the competitive landscape of both the high-end and low-end markets.

Why it matters. Huawei, as one of the global smartphone manufacturers, its price adjustments will affect the entire industry, especially the competition in the high-end market and the low-end market.