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Huawei smartphone prices soar up in China on fears of chip shortage

By David KirtonThe Porsche design model of Huawei's flagship Mate 30 was selling for 14,000 yuan ($2,067), from 10,000 yuan in January, one vendor said

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Huawei | smartphones | chinese chipmakers

Reuters  |  SHENZHEN 

By David Kirton SHENZHEN (Reuters) - Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets. Phone vendors in Huaqiangbei, the world's largest electronics market located in the southern city of Shenzhen, said prices for new and used Huawei phones had risen steadily over the past month, by around 400 to 500 yuan on average. The Porsche design model of Huawei's flagship Mate 30 was selling for 14,000 ...

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First Published: Thu, September 17 2020. 09:21 IST
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