Living in Shenzhen, China, has given me direct access to one of the largest electronic manufacturing hubs in the world. Because of this, I have been able to find, negotiate and obtain the best components for our devices at the lowest prices. Now, however, a major change is occurring which directly and greatly impacts the financial cost and time for development of all products, not just ours.
Since the 4th quarter of last year, we have seen indications that lead time and prices will be increasing dramatically. At that time, and as we noted in a previous update, we started to source the major components which we believed would be in short supply and high demand. We sourced enough components to fulfill all the existing preorders and a limited number of future orders.
For example, one component we use two of in Pocket P.C., an STM32F103 by STMicro, has increased from $2.30 to $8.30, a 400% increase in price.
This striking increase in the cost of components, circuit boards and plastics leaves us no choice but to raise our prices on Pocket P.C. for future orders commencing on March 19, 2021. As of that date, the new price for the purchase of a Pocket P.C. will be $299 and Pocket P.C. w/ LoRa will be $399. In addition, because of the new longer lead times, the newly-ordered units will not be available until the 4th quarter of this year.
For those of you who have already ordered, rest assured that you will be getting the product you ordered at the lower price.
If anyone wishes to order any additional units at the lower price, you must do so before March 19th to take advantage of our special offer for our existing customers and supporters.
CEO, Source Parts Inc.