The global shortage of semiconductors has already impacted various industries like automobiles. This has now further spread to affect downstream markets like the consumer electronic segments including personal computers, smartphones, and even home appliances as well, causing a hike in price across every sector.
According to a ChinaDaily report, these markets are already seeing price adjustments since the beginning of this year. The news based on a Business Herald report added that the average shipment prices for laptops in China rose by 6.1 percent in the first quarter of this year, compared to the previous quarter. Liu Jun, president of Lenovo‘s China branch stated in a financial briefing that “The PC industry is expected to witness price increases throughout the whole year.”
IDC Researcher Jitesh Ubrani further added that the “market continues to struggle with setbacks including component shortages and logistics issues, each of which has contributed to an increase in average selling prices.” Notably, certain models like the Huawei MateBook lineup saw prices going up by anywhere between 300 to 600 Yuan (roughly 47 to 94 US Dollars) from a few months prior. PC making brands like Acer, ASUS, and Lenovo have had to raise prices for their laptops due to the chip shortages.
The statistics revealed that over 30 companies in the semiconductor industry have adjusted their price since the second quarter, with a price hike in the range of 10 to 30 percent. Ryan Reith, IDC program vice president, said that “The ongoing shortages in the semiconductor space only further prolong the ability for vendors to refill inventory and fulfill orders to customers.” Despite the shortage, the global semiconductor revenue grew to 464 billion US Dollars last year.
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