Mobile prices are rising, phone crisis will intensify

There has been a long-running mobile chip crisis in the world. This crisis is intensifying day by day. Crisis has also occurred in mobile panels. Due to these reasons, the price of mobile is increasing in the world. That has also affected the mobile phone market in Bangladesh. In addition, the new dollar price and the pressure to increase the ship’s fare has been added. As a result, the price of mobile phones in the country has already increased by 10 to 20 percent. A few brands have already raised prices, with some reportedly monitoring the market.

According to the Bangladesh Mobile Phone Importers Association (BMPIA), about 1 million smartphones are sold in the country every month. This is the market demand. However, there are currently seven and a half to 8 lakh smartphones in the market. It was further learned that 1 crore 10 lakh to 20 lakh smartphones are sold annually. Its market share is about 40 percent of the total sold mobiles.

When asked, BMPIA joint secretary Mohammad Mesbah Uddin said the mobile crisis in the country will intensify in the first quarter of the new year (January-March). The chipset crisis will only get worse, and so will prices. The crisis of the panel will be created in the future. The price of TV has gone up due to the crisis of television panels. If the mobile panel crisis does not subside, prices will rise further. He thinks that after the first quarter, it will be understood how long it will take to end the crisis. He said the crisis may not be over unless the Christmas holidays and Chinese New Year go by.

He added that several mobile brands in the country have already raised prices. Oppo, Vivo and several other brands have increased their prices since November 1. I have learned that Samsung and Realme have not raised prices yet. But in a few days, maybe everyone will increase the price. There is no way out of the crisis without increasing prices.

Shakib Arafat, managing director of Selextra Limited, the national partner of Motorola mobile phones in the country, said that the price of dollar has gone up and the price of chipset has already gone up. Ship fares have also increased. As a result, it has affected the mobile market. In the meantime, the price of mobile has increased by 10 to 20 percent. He expressed fears that it would increase further.

A mobile phone trader, who did not want to be named, told that some of tthem hem have stock of some mobile phones. For this reason, the negative impact on the market is not being found that way. If this continues, the stock will run out by December. As a result, a big pressure can come at the beginning of the new year.

Transsion Bangladesh Limited manufactures mobile phones of three brands – iTel, Techno and Infinix brands in the country. Rezwanul Haque, chief executive of the company, said the mobile crisis in the country could continue till next August. If the chip crisis does not end, the price of mobile phones will not decrease, but will continue to increase. He said the price of mobile has already gone up. The front will grow further. He thinks that the price has gone up by about 15-20 percent.

Walton Mobile’s Chief Sales Officer MA Hanif said that the brand has maintained its supply in the market due to sufficient stock of Walton Mobile. In response to a question from, he said that Walton has enough stock of phones in the current quarter (October-December). 4-5 lakh feature phones are being sold every month. 5 lakh units were sold last month. And smartphones are running like 50 thousand per month. He said that Walton did not increase the price of mobiles, but reduced them. However, he thinks that in the first quarter of the new year (January-March) there may be a mobile crisis. However, like other brands, Walton does not have to fall into crisis. He thinks that if the stock does not run out in the current quarter, the supply of mobiles will be fine in the new year.

By the way, about 36 million mobile phones are sold in the country every year. Of these, 1 crore 10 to 20 lakh are smartphones. However, 70-80 percent of mobile phones are manufactured in the country’s factories. And the remaining phones are imported. Outside of that there are gray market or illegal mobile phones. This number is 25-30 percent of the total mobiles sold in the country.

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