# iQOO and Redmi raise phone prices as memory costs climb

2026-08-14T14:45:40+00:00 | Technology | Indian Opinion Desk

Corroboration: 2 independent outlets

iQOO and Redmi have raised prices of recently launched smartphones in India by up to Rs. 13,000, Gadgets 360 reports. The affected models include the iQOO 15, iQOO 15R, iQOO Neo 10 and Redmi Turbo 5. The iQOO 15R now starts at Rs. 53,999 for 8GB RAM and 256GB storage, while the Redmi Turbo 5 starts at Rs. 41,999 for the same configuration. Business Today links the price pressure to higher RAM and storage costs. IDC data cited by the outlet shows smartphones priced below $100 saw shipments fall 74.3% year-on-year in Q2 2026, while 4G phones rose to 11.1% of shipments. Brands are retaining budget 4G models as cheaper options.

## Coverage

- gadgets360.com <https://www.gadgets360.com/mobiles/news/iqoo-15-15r-neo-10-redmi-turbo-5-price-in-india-hike-ram-shortage-11909342>
- businesstoday.in <https://www.businesstoday.in/technology/news/story/top-4g-phones-you-can-buy-as-memory-prices-push-up-smartphone-costs-548715-2026-08-15?utm_source=rssfeed>

Tags: iQOO, iQOO 15, iQOO Neo 10, Redmi, Vivo
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