MarketPR
Matic ($MATIC) will raise the price of its flagship robot vacuum and mop from $1,245 to $1,495 on September 9, a $250 increase the company attributes to rising costs for memory and other components it says have grown tenfold.
Shoppers who have been considering the purchase now have a hard deadline to beat the new price point.
The Cost Pressure Behind the Hike Matic told The Verge that component inflation — specifically memory and related hardware — is the driver, with those input costs described as now ten times what they once were.
The magnitude of that cost curve explains why the company absorbed pressure as long as it did before passing it to consumers.
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