Stay updated with breaking news from Jaina Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oppo: These brands said they hope to win back market share since consumers don’t have any choice in the entry level price whereby they are forced to buy either refurbished smartphones, on finance schemes or holding back on their purchases.
Godrej Appliances: Most chief executives have predicted a demand revival by Diwali and, based on inventory clearance by then, indicated to manufacturers festive season orders higher than last year.
Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.
Mobile Phones: Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.
Prices of most electronic components for television, mobile phones, appliances and computers, and the freight cost of shipping them to factories have eased to pre-Covid levels after touching record highs in the last two years.