This news will make you delighted if you have recently been considering purchasing a TV or mobile phones. Yes, the cost of these items will soon be far lower. Electronics manufacturers may think about lowering the cost of the product to hasten the year-over-year fall in demand. The projected outcome is that there will be a cost decrease. A report claims that the cost of electronic parts for computers, mobile phones, and televisions has decreased.
Customers might profit from the decline.
Sending these items to factories cost a record amount two years ago, during the Kovid pandemic. It is currently back at the pre-Covid level. Those with insider knowledge of the sector claim that businesses can pass on the savings in input prices to customers this Diwali. The cost of shipping a container from China peaked at $ 8,000 during the Kovid pandemic. It was once 850 dollars but is now 1,000 dollars.
Electronic component prices have decreased by 80%,
and semiconductor chip costs are at their lowest point ever. Since the time of Kovid, it has decreased to one-tenth. The price of electronic components has been reported to have decreased by up to 60–80%. Due to a lack of demand globally and a slowdown in some economies, prices have decreased. It is considered that businesses can reduce their prices in order to stir up business during the holiday season.
Compared to Rs 16,400 in 2021–2022,
the average selling price has decreased to about Rs 11,500 in 2022–203. The decline in demand, according to Satish NS, chairman of electronics company Haier India, prevented containers from being filled. In this case, the goods operators are requesting extra money if the products are to be delivered soon. Another choice is to simply wait.
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