The iQOO 15 is set to launch in India later this month. And, it is set to get a major price hike. While an earlier report suggested that the effective price of iQOO 15 might be under Rs 60,000, Digit has learnt that the phone will cost around Rs 70,000 in the country. The brand may still offer some bank discounts to bring down the effective cost of the phone. However, it will still be a major price jump over the previous generation iQOO 13.

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The higher pricing comes at a time when smartphone makers around the world are struggling with rising component costs, especially memory parts. Industry reports suggest that limited supply and increasing global demand have pushed up the cost of key materials used in high-performance phones. The recently

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