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Rising demand for AI technologies is increasing the cost of producing entry-level smartphones in Africa. Consumers may need to spend more this year for devices that have helped millions access the internet.
Sharge launched its loomys L1 AI glasses in Wuhan, positioning them around titanium construction, all-day comfort, and active AI memory rather than camera specifications. The glasses start at 2,699 yuan, and founder Zhang Bo said they are intended to replace everyday optical glasses rather than smartphones.
The Google Pixel 11 costs $100 more than last year's model while introducing relatively few major changes. Despite the higher price and limited evolution, it remains one of the strongest smartphones on the market.
Xiaomi reported its third consecutive quarterly decline in profit as a global memory shortage raised smartphone costs. Adjusted net income fell about 43% to 6.22 billion yuan, while reported net profit declined 20.5%.
Google reportedly plans to move all Pixel manufacturing out of China by 2027, as rising component and trade costs put pressure on future devices. The shift could help reduce cost volatility and give future Pixel models more pricing flexibility.