Demand for mobile phones is 20% to 30% lower compared to last year, according to market experts and dealers.
Mandeep Singh, a mobile phone retailer at Janpath Market, said, “Customers are checking prices and offers before making a decision. Another buyer, Ashish Jaiswal, said, “I was planning to buy a particular tablet phone of the specific company this Diwali, but seeing the price hike, I have now changed my mind. Anil Kanoujia, a finance company executive, said, “Finance companies are offering cashback, gift hampers and low-cost EMI options this festive season.
Many want to upgrade their phones during Diwali, but the final purchase depends on the price and discount available. We are hopeful that sales will pick up in the coming days.”
Dheeraj Jauhar, a functionary of the Mobile Phone Dealers Association, said Diwali was traditionally a key period for smartphone sales, but higher prices and cautious consumer spending had made business challenging this year. However, a surge in sales is expected around Dhanteras . You Can Also Check: Gold Rate in Lucknow | Silver Rate in Lucknow | Bank Holidays in Lucknow | Public Holidays in Lucknow | Lucknow AQI | Weather in Lucknow | Petrol Price in Lucknow | Diesel Price in Lucknow | CNG Price in Lucknow | LPG Price in Lucknow