A cheaper Snapdragon 8 Elite Gen 5 could help solve phone price hikes (maybe)

Credit: Qualcomm TL;DR Qualcomm is rumored to be preparing a new Snapdragon 8 Elite Gen 5 model (SM8850-1-AB) to live alongside three existing variants. The new chip will offer near-standard benchmark performance at a lower cost, targeting phones under 4,000 CNY (~$600). Phone makers may turn to this refreshed SoC amid rising RAM and component costs that are driving up the price of next-gen chips and phones.