In a surprising turn of events, the mobile phone market has witnessed a significant price drop of 20 to 30 percent. This comes in the wake of a decrease in consumption patterns across the country.
Interestingly, this price reduction coincides with a substantial increase in mobile phone imports. The first three quarters of the current fiscal year saw an annual increase of 121 percent in mobile phone imports, a trend that has left market analysts intrigued.
The impact on the market prices is quite evident. A smartphone previously priced at one hundred thousand rupees is now available for seventy thousand rupees. Similarly, mobile phones that were once sold for sixty-four thousand rupees have seen a price drop to fifty thousand rupees.
Even the mid-range mobile phones have not been spared from this price reduction wave. Mobile phones that were once sold for fifty thousand rupees are now available for a price range of thirty-eight to forty thousand rupees.
This development in the mobile phone market is sure to stir up the consumer base and could potentially reshape purchasing trends in the future.
