Smartphone Price Hike: 15 thousand phone now costs 19 thousand, Vivo, Samsung and Xiaomi increased the price

According to a report by Moneycontrol, market experts say that the prices of smartphones may increase further. Due to the increase in prices, there is a possibility of a decline of up to 10 percent in the total sales of mobile phones in the coming time. This double attack of recession and inflation in the market does not seem to be ending at the moment. (symbolic picture)

Due to the weakness in the Indian Rupee, the cost of importing components and the skyrocketing prices of memory chips have significantly increased the manufacturing cost of smartphones. Because of this, smartphone companies have been forced to increase prices.

Mobile phones falling within the budget segment of Rs 15 thousand have become the most expensive. Out of more than 200 mobile models sold in India, prices of more than 80 models have officially increased. The new models which are now being launched in the market are also coming at a price 25 to 30 percent higher than the old models.

Many popular phones of Vivo and Realme have become quite expensive. VIVO Y31, which was earlier easily available for Rs 14,999, has now increased its price to Rs 18,999. Similarly, the price of Realme C85 has also jumped from Rs 15,499 to Rs 18,999.

The rates of many models of Xiaomi, Samsung and Oppo have increased. Xiaomi Redmi 15 is now available for Rs 16,499 instead of Rs 14,999, while the price of Samsung Galaxy A17 has increased from Rs 18,999 to Rs 19,499. It has been seen in Oppo A6X, which has now increased from Rs 13,499 to Rs 16,999.

Due to increasing cost of memory, storage, currency and energy, the production process has become very expensive. This has also had a negative impact on the health of the market and for the first time in the last 6 years, a decline of 3 percent has been recorded in the sales of mobile phones. It is no longer possible for companies to sell phones at old prices because their expenses are continuously increasing.

The increasing craze of Artificial Intelligence (AI) is also taking a toll on smartphone manufacturing. Big tech companies around the world are purchasing huge quantities of high-performance memory chips to build AI infrastructure and data centers. The entire focus of chip manufacturing companies has now shifted towards the AI ​​sector because both demand and profit are high there. Due to this, there has been a huge reduction in the supply of chips for consumer electronics like smartphones and laptops.

Due to war and political instability, there is a huge increase in the prices of energy resources like LNG and Helium. Since memory and energy constitute a major part of the total manufacturing cost of smartphones, these global crises are having a direct impact on your and our pockets.