Mobile retailers expect 10% price hike after Diwali as volumes fall

Picture: The Hindu Tech · see the original ↗

The All India Mobile Retail Association projects a 50% volume drop after mid-November that could persist for an extended period, while major Android handset makers expect a 10% price hike shortly after Diwali. Retailers report footfall and sales down 25% to 35% in value-oriented categories. Top brands have cut production by 30%, and 80% of smartphone purchases rely on EMI financing.

Source: The Hindu Tech ↗

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