Oil prices surge, memory prices skyrocket: Home appliance industry kicks off a price hike wave in April, with increases up to 20%
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Golden Ten Data reported on April 2 that the conflict in the Middle East has pushed up oil prices, and the rising prices of storage chips due to the expansion of AI data centers are gradually impacting the home appliances industry. Starting April 1, some home appliance companies have raised the supply prices of certain models of color TVs, air conditioners, refrigerators, and washing machines, with increases ranging from 2% to 10%. The price hikes for large kitchen appliances such as range hoods and stoves are even around 10%-20%. Because retailers are currently still selling from inventory, the “feel” of price increases at end-user retail terminals is not yet apparent, but it is expected to become increasingly evident this month. Some businesses and retailers worry that price hikes will bring greater pressure to an already sluggish market, and analysts predict that the market and industry will diverge.
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