Xiaomi President, Lu Weibing, acted in a somewhat disingenuous manner when he tried to deflect the criticism over the pricing of the new Redmi K90 smartphone lineup by blaming "storage costs" for the price hikes. Yet, as we'll explain here, the reported increase in the cost of the NAND flash storage is not enough to merit the Redmi K90 series' price increases. Xiaomi President: "We cannot change the trend of global supply chains, and the rise in storage costs is much higher than expected and will continue to increase" In a recent Weibo post, Lu Weibing claimed that Xiaomi "cannot […]
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