On one hand, where the demand for these products is increasing, companies have started increasing their prices. In such a situation, the question arises that why is the price being increased after all? There are many reasons for this…
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Petrol prices in Delhi have crossed 100, but the impact of inflation on the common man is not limited to this only. Now even in the purchase of many products including smartphones, TVs and ACs, one may have to loose pockets. In the past, companies like Samsung, OnePlus, Apple, Oppo Redmi and Vivo have made a place among the customers, but with increasing the prices of the products, the attention of the customers can be diverted from these companies.
Obviously, the prices of electronic products have increased a lot these days, which include smartphones, fridges, ACs, TVs and other devices. On one hand, where the demand for these products is increasing, companies have started increasing their prices. In such a situation, the question arises that why is the price being increased after all? There are many reasons for this…
Shipping cost hike
Due to the Corona epidemic, there has been a lot of change in the business industry and it has also affected the shipping road and cost. Obviously, due to the restrictions imposed for the prevention of corona and the lockdown, the supply is being affected. Many times companies have to choose bigger routes for shipping the products and the cost is also high. At the same time, the shipping cost has increased due to increase in the price of petrol and diesel.
hard to find components
Obviously, the lesser the availability of a commodity, the faster its price increases. Semiconductor and chip shortages around the world have affected the prices of electronic products. Along with this, other components used in electronic devices like display panels and many other things are not easily available.
Overall, rising shipping costs and shortage of components have had a significant impact on the prices of electronic items. Despite this, companies are selling products at low-profit margins to retain customers. If this situation continues even further, then in the coming time electronic products will become more expensive. At present, companies like Redmi have increased the price of the smartphone. Recently, the price of its Redmi Note 10 Pro phone has been increased for the second time in a month.
There are more products in the queue whose price is going to increase very soon. Along with this, many auto companies have also increased the prices of their vehicles for the second time.
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