The base model with 12GB of RAM and 256GB of storage starts at CNY 5,999 in China, roughly $900, with an introductory price of CNY 5,699. Higher memory versions cost more.
That’s a steep rise. Last year the same 12GB and 256GB OnePlus 15 launched in China at CNY 4,000, and even the top 16GB and 1TB model was only CNY 5,400. OnePlus isn’t the only brand charging more this year.
Its closest sibling makes the point. Oppo’s Find X10 Pro Max costs CNY 6,800 for the same memory in China, about 13% more than the OnePlus 16. Unlike the OnePlus, though, the Find X10 series is being sold outside China and India too, so it’s the more realistic option for buyers in the UK, where Oppo already has a presence.
The squeeze isn’t just about one brand. Global smartphone shipments fell year over year in the first quarter of 2026, IDC says, ending a growth run that began in mid-2023. Limited memory supply and record memory prices are pushing phone makers to charge more across the board.
For comparison, the OnePlus 15 launched globally at $900 in the US and £850 in the UK. Chinese prices are usually lower than Western ones, so if a version had come west at a similar markup, it would likely have cost a good deal more than its predecessor.