December 27, 2024
Why Smartphone Prices in India Could Rise in the Coming Months
Smartphone prices in India could rise in the coming quarter, according to a report. The cost of handsets in India might increase as Both Samsung and Micron are expected to raise the prices of a component which means that phone prices could rise in India in the coming months.

Smartphone sales have started to pick up in India and other markets according to recent reports, but a change in costs of an essential component could lead to prices of smartphones rising again in the coming months. The cost of memory chips used in handsets sold in the country from two component manufacturers is expected to rise, according to a report. The predicted price rise is likely to impact budget 5G smartphones the most, especially those priced under Rs. 10,000.

According to an ET Telecom report citing recent TrendForce data, the prices of smartphones in India could rise in Q2 2024, as both Micron and Samsung are planning to increase the price of their DRAM chips — a smartphone memory component — by up to 20 percent in the current quarter. The increase in costs is expected to translate into higher smartphone prices in the coming quarter, an anonymous industry executive told the publication.

The market research firm’s data reportedly estimates the contract prices of smartphones using the older LPDDR4x technology to rise by up to 8 percent and up to 10 percent for handsets with LPDDR5/ LPDDR5x memory. The report also predicts a shortage of DRAM in the coming months as the hardware is used for other applications like AI.

While this could translate into higher end-prices, recent duty cuts on smartphone components could partially cushion customers from the anticipated increase in prices, according to the report. Manufacturers could also opt to offer lower memory configurations on their upcoming smartphones in order to keep the costs of their phones low.

As per the report, this strategy could benefit budget 5G smartphone makers, who have recently begun to offer higher RAM and storage configurations at lower prices. By choosing to lower their memory configurations, these companies can ensure that the base models of their budget handsets can be purchased under Rs. 10,000. 


Affiliate links may be automatically generated – see our ethics statement for details.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.


Samsung Uses Lower-Grade Titanium on Galaxy S24 Ultra; Reveals Teardown Video



Apple Vision Pro Buyers Who Forget the Device’s Passcode May Have to Take It Back to Store

Related Stories