No la that is only partially the problem,
The other problems included (for various manufacturers)
1) putting themselves in the flagship social status category and shake away the value for money moto eg. Mi series, oppo find series
2) when listed you are expected to have certain amount of profit per year hence Listed company can no longer 5% profit margin per phone
3) now that they are stepping up to flagship social status they can no long be following ppl but need to lead with black / dark tech eg under screen front camera etc. All these R&D need lots of money to power hence raising the price to get the power.
4) market expansion into volumetric but Low profit market eg india need time pump resources hence need to earn from those countries that can an afford to pay eg sgp & Europe.
5) increase cost of SOC and inflation of BOM also drives up the cost.
Say thank you to Qualcomm. Charging so much for SD865.
