Price increase on Smart TVs in September 2020

This week rumors have surfaced on Weibo, China’s standard social community, that Xiaomi goes to increase the worth of televisions between 100 and 300 yuan (between about 12 and 37 euros) in the best-selling low and mid-range fashions, and extra in the best vary. The blame for this value increase is the panels, the price of which has elevated in current months.

The value of the panels has risen as much as 10%

Therefore, not solely Xiaomi goes to start out making use of the worth will increase as of tomorrow, but additionally different producers would have already began making use of them a number of weeks in the past. This will not be solely said by the person who has revealed it on Weibo, however the ZNDS medium has confirmed by varied sources that Xiaomi goes to regulate the worth of its Smart TVs beginning tomorrow, Friday, though it can announce the rise later. .

xiaomi weibo price

According to business sources, the worth of TV panels has risen significantly. The one with 32 and 55 inch panels has elevated by 10%, whereas that of the 50 and 65-inch panels has risen between eight and 10%.

Samsung and LG lower manufacturing on the finish of final 12 months

The panel is the most costly a part of a tv, the place most producers promote their 4K fashions nearly at price value as a result of they then make them worthwhile by providers and commercials. Therefore, it’s logical that as quickly as the worth of the panel is affected, this shortly interprets right into a value increase, since revenue margins are negligible and even non-existent on the product itself.

In the case of Xiaomi televisions, the panels are sourced from LG and Samsung, the world’s two largest tv panel producers, adopted by firms similar to AU Optronics or Innolux. Just earlier than the pandemic broke out, each LG and Samsung had introduced that they have been reducing again on LCD panel manufacturing; LG to focus on the OLED, and Samsung in the QD-OLED, which can see the sunshine subsequent 12 months. Thus, we have no idea if these selections have needed to do with the increase in costs, however what is evident is that from now on the worth of televisions will rise barely, so if you’re pondering of getting one, you should still get them at value.