In India, April 1 is the start of the new financial year. One of the important changes is the rise of GST on smartphones from 12% to 18%; with this development, smartphone manufacturers revised their products prices.
Xiaomi and Realme announced the increment which was soon followed by Samsung, OPPO and Vivo. Xiaomi’s Redmi K20 and K20 Pro series’ price has been raised by almost Rs 2,000 across the board, as for the Redmi Note 7 Pro series. The price of iQoo 3 series will see the increase of Rs 2000 while Realme 5 see a Rs 500 increment, those priced till Rs 20,000 are up by Rs 1,000, and the flagships like the X2 Pro and the X50 Pro will be more expensive by almost Rs 2,000.
Galaxy Note 10 series will increase its price up to 5000 and Vivo smartphones cost can increase up to 2000. Very soon other brands will also revise their smartphones price which is delayed due to the suspension over lockdown.
It is clearly shown that manufacturers are compelled to increase the smartphone price to continue being profitable.
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