Recent reports indicate that sales of smartphones have begun to increase in India and other areas; nevertheless, a shift in the price of a necessary component may cause smartphone prices to rise once more in the months ahead. A study states that there would likely be an increase in the price of memory chips from two component makers used in handsets sold in the nation. Budget 5G handsets, particularly those that cost less than Rs. 10,000, are probably going to be most affected by the anticipated price increase.

According to statistics from a marketplace research organization, smartphones with LPDDR4x reminiscence are anticipated to see a contract fee increase of up to 8%, even as smartphones with LPDDR5/LPDDR5x reminiscence may additionally see a boom of up to ten%. A DRAM scarcity is also predicted in the upcoming months because of the hardware being used for AI and other packages, in line with the research.

Although this may result in higher end costs, the analysis suggests that recent duty reductions on smartphone parts may help consumers offset some of the expected price increases. In order to keep the price of their phones low, manufacturers may potentially decide to offer smaller memory configurations on their next smartphones.

Smartphone prices are rising

The Indian smartphone sector may have to pay extra for components that are imported from China due to the strengthening of the Chinese yuan. Additionally, in the budget for this year (2024), the Central Government has placed a strong emphasis on Made in India. This would boost the funds for enhancing the nation's communication infrastructure and help the smartphone business.