Skip to content
Tech News
← Back to articles

Amazon Hikes Hardware Prices By 60%, Blaming Memory Shortage

read original more articles
Why This Matters

Amazon's decision to increase hardware prices by up to 60% highlights the ongoing impact of supply chain disruptions and rising component costs on the consumer electronics industry. This change could influence pricing strategies across the market and affect consumer purchasing behavior. It underscores the importance for consumers and industry players to stay informed about cost fluctuations that may impact product affordability and availability.

Key Takeaways

Amazon has raised the prices of its hardware devices by as much as 60%, blaming "significant increases in memory and storage component costs." TechCrunch reports: The price explosion impacted Fire TVs, Echos, Kindles, and Eeros. One egregious example that's been cited is that of the Echo Dot, one of Amazon's cheapest smart speakers, the price of which jumped 60% overnight, from $49.99 to $79.99. Price-tracking sites like CamelCamelCamel show the stark uptick, which has previously hovered much lower. [...] The company also said that it would continue to offer occasional promotions to customers over the course of the next year. Amazon said in a statement: "The consumer electronics industry is facing significant increases in memory and storage component costs. After absorbing these increases for as long as we could, we recently adjusted pricing across our product lines."

Read more of this story at Slashdot.