Xiaomi said on Wednesday that the company will increase the prices of its smartphones and smart TVs by 3-6 percent from July 1. The Chinese tech company is facing pressures such as shortage of equipment and high shipping charges. A Xiaomi India spokesperson said that since last year, there has been a shortfall in the supply chain. The spokesperson further said that due to the huge demand-supply gap, most of the devices (chipset, display panel, display driver, back panel, battery etc.) used in smartphones, smart TVs and other electronics gadgets saw a steady increase in prices. Has been.
Unexpected increase in shipping charges
With this, the unexpected increase in shipping charges has had an impact on almost all technology companies, including Xiaomi. The spokesperson said that while they have tried to handle the rising prices, some of our products have seen an increase in prices. He further said that they are seeing an increase of 3-6 per cent in the prices of their smart TVs from July 1.
The prices of the smartphones are expected to increase with the same percentage. LED television prices are also expected to increase by 3 to 4 per cent this month as panel prices have risen in the global market, coupled with an increase in logistics costs. The operating price has also increased in April. This is due to the cost of transportation by sea and increase in the prices of domestic transportation.
WhatsApp’s new feature, once viewed, photos and videos will automatically disappear
One of the largest segment in the entire category of TV Appliances and Consumer Electronics. Its sale value is about 25 thousand crores. According to the joint report given by the industry body, the TV market is expected to grow to 284 lakh units in 2024-25 as against 175 lakh units in 2018-19.
(Input: PTI)
Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.