Tag: price hike

  • PlayStation 5 Price Increase Expected Soon in India

    PlayStation 5 Price Increase Expected Soon in India

    Key Takeaways

    1. PlayStation 5 prices in India are set to increase, with the standard PS5 rising to ₹58,990 ($689) and the Digital Edition to ₹49,990 ($584).
    2. The price hike amounts to ₹4,000 ($47) for the PS5 and ₹5,000 ($58) for the Digital Edition, making the PS5 ₹9,000 ($105) more expensive than its original price.
    3. The PS5 Digital Edition has seen a total increase of ₹10,000 ($116) since its initial launch price of ₹39,990 ($467).
    4. Sony’s price increase aligns with a global trend affecting PlayStation 5 prices and occurs amidst speculation about the absence of a PS5 Pro model.
    5. Currently, the PS5 is the only next-gen console widely available in India, as other options like the Xbox Series X are scarce.

    Those interested in purchasing a PlayStation 5 in India might face higher costs soon. This would mark the second increase in price for the console since its introduction in 2021. Industry expert Rishi Alwani has reported from sources that Sony intends to raise the price of the standard PS5 to ₹58,990 ($689). Likewise, the PS5 Digital Edition could soon be available for ₹49,990 ($584).

    Price Changes Explained

    This change indicates a ₹4,000 ($47) increase for the PS5 and a ₹5,000 rise for the Digital Edition. In total, the original will now be ₹9,000 ($105) more expensive than its initial price of ₹49,990 ($584). The version without a disc, which was first introduced at ₹39,990 ($467) is now costlier by an astonishing ₹10,000 ($116). This follows Sony’s recent decision to raise PlayStation 5 prices worldwide. The sudden price increase, coupled with the absence of news regarding a PS5 Pro, is likely to create some tension in a market that is sensitive to price changes.

    Market Availability

    Sadly, this is the only next-gen console that can be reliably purchased in India at this time. The Xbox Series X is hard to come by, and its recently announced digital-only edition and 2 TB version have yet to be launched in the Indian market. This effectively leaves gamers with just the PlayStation 5, Xbox Series S, and a Nintendo Switch 2, which is priced similarly to a PS5.

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  • Redmi K90 Pro Price Expected to Reach 5,000 Yuan, Leak Reveals

    Redmi K90 Pro Price Expected to Reach 5,000 Yuan, Leak Reveals

    According to a recent leak from a trusted Chinese source, Digital Chat Station, the forthcoming Redmi K90 Pro is expected to see a significant price increase. This is somewhat unexpected, given that the K Pro model had just received a notable price bump with the launch of the new K80 Pro.

    Pricing and Specs Overview

    The K90 Pro made its debut in China last November, being one of the first devices to feature Qualcomm’s Snapdragon 8 Elite chip. The starting price for the base model, which includes 12GB of RAM and 256GB of storage, is set at 3,700 yuan—up from 3,299 yuan for the K70 Pro.

    Anticipated Price Increase

    Now, Digital Chat Station indicates that Redmi intends to implement an even larger price hike for the K90 Pro. The source suggests that the company aims to reach the 5,000 yuan price range by 2025. The K90 Pro is projected to fall between 4,000 and 5,000 yuan. Even at the lower end of that spectrum, it would represent an increase of about 22% compared to the K70 Pro.

    Redmi has positioned the K-series as its top-tier lineup ahead of the K80 Pro’s launch, and it appears the brand is firmly sticking to that approach. If this information is accurate, the once budget-friendly flagship might lose its affordability.

    What We Know So Far

    It remains unclear how Redmi plans to justify this price hike, but early leaks indicate that the K90 Pro could come with some impressive enhancements. One of the primary rumors suggests it will feature a 50MP periscope telephoto camera.

    Additionally, the device is expected to be powered by the Snapdragon 8 Elite 2 chip, which is an incremental upgrade from its predecessor. Meanwhile, Redmi might continue using a flat 2K OLED display, maintaining the familiar design.

    The K80 series is still quite new and has yet to be introduced outside of China, whether as a standalone model or rebranded. This means we are still several months away from an official announcement regarding the K90 series. However, as always, anticipate more leaks and rumors before Redmi makes any official statements.

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  • Netflix Plans Price Hike: Subscriptions Up 16% in Some Regions

    Netflix Plans Price Hike: Subscriptions Up 16% in Some Regions

    In a new financial report released for the fourth quarter of 2024, Netflix has shown remarkable growth, achieving record earnings of $10.25 billion and gaining 19 million new subscribers. This brings its total to over 300 million paying members worldwide. Additionally, the streaming giant took this chance to reveal its upcoming price increase, which will first impact customers in the United States, Canada, Portugal, and Argentina.

    Price Changes for Subscriptions

    The standard subscription with ads, which allows users to watch content in 1080p, will see a price increase to $7.99 in the US, up from the current $6.99. Meanwhile, the ad-free standard plan will jump by $2.50, going from $15.49 to $17.99. As for the 4K premium plan, it will rise from $22.99 to $24.99. Netflix is also looking to invest more in live event broadcasting, especially after the recent boxing match between Jake Paul and Mike Tyson resulted in a record daily sign-up number. During these live events, the service displays ads to all viewers, including those who subscribe to higher-tier plans.

    Plans for Future Revenue Growth

    This approach represents one of Netflix’s strategies to increase its revenue. The company has set its sights on making ads a major income source by 2026. Netflix claims that in the twelve nations where an ad-supported subscription option is available, most customers prefer this kind of plan. As a result, Netflix feels assured that it can meet the demands of its advertising partners even before 2025 wraps up.

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  • Netflix Raises Prices as Subscriber Count Exceeds 300 Million

    Netflix Raises Prices as Subscriber Count Exceeds 300 Million

    Netflix has become the leading platform for online streaming. Even with its widespread popularity, the platform has decided to increase its subscription prices once again. This change affects both standard and premium users, so here are the updated pricing details.

    Price Increases in Four Markets

    Users are already voicing their frustrations about the frequent price increases, but Netflix is raising costs in four specific regions. In its recent earnings report, Netflix disclosed the new subscription rates for its services in the United States, Portugal, Argentina, and Canada. According to spokesperson MoMo Zhou, the monthly fee for the ad-supported plan has risen to 7.99 US Dollars from the previous 6.99 US Dollars.

    Subscription Tier Changes

    Meanwhile, the standard tier without ads is set to rise from 15.49 US Dollars to 17.99 US Dollars. The premium subscription will also see a 2 US Dollar increase, bringing the monthly cost to 24.99 US Dollars. In an official statement, Netflix mentioned, “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix.”

    Future Plans and Subscriber Growth

    The price hikes will take effect at the beginning of 2025, shortly after the company announced a significant milestone of reaching 302 million global subscribers. In the last quarter of the previous year, Netflix added an impressive 19 million new subscribers. So, despite the company claiming it concluded 2024 on a positive note, the cost to access Netflix is still climbing.

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  • Samsung Galaxy S25 Leak Reveals Potential RAM Upgrade

    Samsung Galaxy S25 Leak Reveals Potential RAM Upgrade

    The launch of the Samsung Galaxy S25 series is approaching fast, with the next Unpacked event confirmed for January 22. Although the company hasn’t officially announced any details about the new flagship devices, there have been numerous leaks regarding what to expect.

    Major Memory Upgrade

    Reports indicate that Samsung is planning to make 12 GB RAM the baseline for the entire Galaxy S25 lineup, which would be a significant leap from the 8 GB standard seen in the previous generation. A fresh leak suggests there might be additional enhancements regarding memory.

    According to a respected Korean news outlet, ETNews, the Galaxy S25 series is set to utilize LPDDR5X RAM across the board. Samsung has reportedly procured 12 nm memory chips from Micron. With this upgrade from the 13 nm process, these RAM chips are expected to deliver improved performance and efficiency.

    Production Challenges

    It’s important to highlight that Samsung produces its own 12 nm RAM chips. However, the South Korean tech giant faced challenges related to thermal management (Black Shark Fun Cooler 3 Pro curr. $44.99 on Amazon). While Samsung is believed to have resolved these issues, to avoid any delays in launching the Galaxy S25 series, it opted to source LPDDR5X RAM chips from Micron.

    Relying on third-party suppliers isn’t unusual, but it can increase the production costs. In terms of pricing, the entire Galaxy S25 series is anticipated to experience a price increase. Recent reports suggest that the upcoming models could see a €100 rise in Europe, with similar price adjustments expected in other markets.

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  • Galaxy Z Flip6 Europe Price Leak: 140 Euros More Than Expected

    Galaxy Z Flip6 Europe Price Leak: 140 Euros More Than Expected

    Dutch e-commerce platform mobile.nl has confirmed that the Galaxy Unpacked event is scheduled for July 10, where Samsung will unveil its 6th generation foldable devices. Ahead of the launch, the European prices for the Galaxy Z Flip6 have already been disclosed. The 256GB model is expected to cost 1,340 euros (around 10,436 yuan), while the 512GB version will be priced at 1,467 euros (approximately 11,425 yuan). Additionally, earlier rumors suggest that the phone will also see a $100 price increase in the United States.

    For comparison, the same storage options of the Galaxy Z Flip5 were sold for 1200 euros and 1320 euros respectively, highlighting a notable jump in pricing.

    Galaxy Z Flip 6 Could Feature Enhanced Specifications with Familiar Design

    Regarding the hardware, the Galaxy Z Flip6 is set to introduce some significant improvements. It will feature the more robust Snapdragon 8 Gen 3 chipset. Additionally, the RAM has been upgraded from 8GB to 12GB, which could enhance the device's ability to run on-device large language models (LLMs) for improved AI functionalities and provide more room for apps.

    Furthermore, the device is rumored to include a 50MP main sensor, the same one used in the Galaxy S24 series, which should result in better picture quality compared to its predecessor.

    The Z Flip6 is also speculated to come with a 4000 mAh battery, offering a substantial increase from the 3700 mAh capacity of the previous model.

    However, the design appears to remain largely unchanged, featuring the same 3.4″ external screen and camera layout. The inner foldable display also seems to be the same size as the previous model. With the significant price increase, Samsung might face greater market challenges in certain regions.

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  • Just a Rumor: Huawei Mate X5 Price Increase Claim Debunked

    Just a Rumor: Huawei Mate X5 Price Increase Claim Debunked

    False Rumor of Mate X5 Suggested Retail Price Increase

    In a recent turn of events, an announcement of a “Mate X5 Suggested Retail Price Increase” surfaced on November 14, 2023, causing a stir in online discussions. The claim attributed the price hike due to the rising costs of key components in the supply chain. However, it has now been revealed that this news was nothing more than a false rumor.

    Blogger Apologizes for Spreading Incorrect Information

    A blogger had exposed what seemed to be an official notice regarding a 1000 yuan increase in the retail price of Huawei‘s Mate X5 folding screen mobile phones. This information quickly circulated and sparked heated debates among consumers and tech enthusiasts.

    The Truth Behind the Rumor

    Recent developments have shed light on the truth behind the news – it was, in fact, a rumor. The original source, known as “Uncle Kanshan,” has publicly apologized to Huawei for spreading wrong information about their product. The apology was posted on Weibo, acknowledging the negative impact caused by the misinformation.

    Uncle Kanshan's Public Apology

    Uncle Kanshan’s Weibo post reads (translated): “I posted false content on the Internet such as ‘MateX5 official price increase by 1000 yuan’ on the Internet through the account ‘Uncle Kanshan’ (the information comes from the circle of friends), and caused rumors and caused damage to Huawei’s goodwill. My own wrongdoing has caused a wide range of negative impacts on Huawei. I sincerely apologize to Huawei for this and will do my best to eliminate any adverse effects and ensure that I will not engage in any actions that damage or cling to Huawei’s goodwill.”

    This public apology acknowledges the severity of the situation and expresses a commitment to rectify the damage caused to Huawei’s reputation.

    Influence of Misinformation on Purchasing Decisions

    Adding to the narrative, it’s worth noting that the price hike rumors might have forced many users into hastily purchasing the Mate X5. This last-minute rush by consumers underscores the influence that misinformation can have on purchasing decisions.

    Joint Effort to Rectify Misinformation

    In the aftermath of this episode, “Uncle Kanshan” urged self-media and netizens to delete and refrain from forwarding the false content. This joint effort aims to rectify the misinformation and foster a transparent and truthful online environment.

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