Smartphone prices may rise ahead of festive season as component rates hiked

New Delhi: Smartphone prices in India may rise with Chinese suppliers of key smartphone components such as display panels and battery packs hiking prices by approximately 15%. The higher cost of the key components – which make up some 25% of a smartphone’s value – may lead to higher prices or lower discounts, developments which may drag critical festival season sales.For leading smartphone brands including China’s Xiaomi, Vivo, Oppo, Realme and