Smartphones prices may go up because of Rupee fall
Posted on: 22/Aug/2013 11:10:27 AM
Except Apple and Blackberry, prices of other brands of smartphones may go up because of the recent rupee slide.
The rupee fall against the dollar - 16% since May 1 - has affected mainly companies such as Karbonn, Maxx Mobile, Lava International, Micromax who buy handset parts in dollars mainly from China and assemble them in India.
Analysts say these companies have already raised prices by 10%-12% and a further increase of 5%-10% is anticipated. The four make up about 18% of India`s market. However, prices at top end phones, such as Apple`s iPhone or Blackberry`s 10 platform phones remain unaffected.
