Mobile phone prices have reduced by 20 to 30 percent. In the mobile markets, a smart phone worth 1 lakh rupees has become 70 thousand rupees, a mobile phone worth 64 thousand rupees is now being sold for 50 thousand rupees. The price of a mobile phone worth 50 thousand rupees has increased from 38 to 40 thousand rupees. 20 thousand…
The prices of keypad mobile phones have also come down, the price of keypad mobile phones has gone up to 1800 rupees, according to market sources, the prices of other brands have decreased due to the decrease in the prices of Chinese mobile phones in the country.
Consumers say mobile prices are still expensive, mobile phone prices were increased by 40 to 50 percent during the hike, but when the prices came down, only 20 to 30 percent were cut.
Shopkeepers say that the prices of mobile phones have come down due to reduced demand.
On the other hand, a significant increase of 121% on annual basis has been recorded in the imports of mobile phones in the country in the first nine months of the current financial year.
According to the data released by the Pakistan Bureau of Statistics, in the first nine months of the current fiscal year, the foreign exchange expenditure on mobile phone imports was 1301 million dollars, which is 181% more than the same period of the previous fiscal year.
In the same period of last financial year, foreign exchange expenditure on mobile phone imports was 463 million dollars.
According to the data, in March 2024, the foreign exchange expenditure on mobile phone imports was 153 million dollars, which is 931% more than in March last year. In March last year, 15 million dollars in foreign exchange was spent on imports of mobile phones.
Compared to February, mobile phone imports recorded a five percent decrease on a monthly basis in March, with foreign exchange spending of $161 million on mobile phone imports in February, which decreased to $153 million in March.
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**Interview with Rajesh Kumar, Mobile Market Analyst**
**Interviewer:** Rajesh, thank you for joining us today to discuss the current trends in the mobile phone market in India.
**Rajesh Kumar:** Thank you for having me.
**Interviewer:** We’ve seen a significant price drop in smartphones, with reductions ranging from 20 to 30 percent. What do you think has driven this decline?
**Rajesh Kumar:** Several factors have contributed to this trend. Firstly, Chinese manufacturers, who dominate the budget smartphone market in India, are under tremendous pressure due to governmental scrutiny and a shrinking market share. They are competing aggressively to maintain their foothold, which has led to price reductions across various segments.
**Interviewer:** Interesting. Can you give us some specific examples of price changes that you’ve observed?
**Rajesh Kumar:** Certainly! For instance, a smartphone that previously retailed for 1 lakh rupees is now available for around 70 thousand rupees. Similarly, a model priced at 64 thousand rupees has dropped to 50 thousand. The reduction in prices also extends to keypad phones, which are down to 1800 rupees. However, it’s worth noting that while prices have come down, many consumers still feel that they are expensive, especially since they witnessed price hikes of 40 to 50 percent previously.
**Interviewer:** That’s a significant point. With these price adjustments, do you think consumer perception of smartphones is changing?
**Rajesh Kumar:** Yes, definitely. Many consumers are hopeful about the lower prices but are still frustrated from the previous hikes. They’re more conscious of value for money and expect durable quality alongside better pricing. Ultimately, this could shift their brand loyalties and influence future purchasing decisions.
**Interviewer:** As a market analyst, what do you predict for the future of the smartphone market in India, especially for Chinese manufacturers?
**Rajesh Kumar:** I believe we will see continued competition and possibly further price drops as companies vie for market share. However, Chinese manufacturers need to be cautious and consider diversifying their supply chains and offering unique features to attract consumers. In the long run, sustaining market presence will depend not just on pricing but also on innovation and meeting customer expectations.
**Interviewer:** Thank you, Rajesh, for your insights. It’s clear that the smartphone market is evolving rapidly, and it will be interesting to see how these dynamics unfold in the coming months.
**Rajesh Kumar:** Thank you, I appreciate the opportunity to share my thoughts!
