In India, brands like Samsung, Vivo, and Oppo have increased their smartphone prices by up to 40%. Companies have attributed this to the global chip shortage. Additionally, plastic packaging has also become expensive due to supply disruptions caused by the US-Iran conflict. As a result, companies are now passing on the increased costs to customers. Vivo and Oppo phones up to ₹4,000 more expensive According to market researcher IDC India, out of the total 15.2 crore smartphones sold in the country last year, Vivo, Samsung, and Oppo had a 47% share. These companies have made major changes to their portfolios.
2 main reasons for smartphones becoming expensive Prices will increase further in coming months According to the All India Mobile Retailers Association, mobile companies have made it clear to shopkeepers through emails that these increased prices are now permanent. Retailers say they have received indications of further price increases in the next few months. Xiaomi has also increased the prices of its Redmi Pad and 6 other smartphones by up to 32%, while Realme has raised the prices of some of its models.
