Festive Season Smartphone Sales: Customers are always looking forward to offers on sales that often begin in the festive season. Buyers can avail huge discounts on both online and offline platforms. The festive season usually begins in mid-August and continues till the end of the year. So let’s know what is special in this upcoming festive season…
Opportunity to buy expensive smartphone cheap
This time the smartphone is expected to be cheap in the upcoming festive season. Apart from this, customers expect offers on many more sales as well. Any buyer buys a smartphone for himself according to his budget. According to the information received, OEMs will try to control the demand through the coming festive season so that the low growth can be extended in the first half of the year. According to the news, with the introduction of new phones, there is more supply of existing models, and during the festive season, smartphone makers will also try to reduce the bulk inventory by giving huge discounts. Retailers say the brand aims to eliminate excess inventory due to low global demand and growth in inflation.
We are expecting more sales in the second half of this year. The smartphone market has witnessed a similar growth in the first half because of higher inflation and lower demand due to rise in average cell prices. Thus the companies are expecting 58 per cent of the total 181 million shipments expected for the year. Economic Times India spoke to offline retailers who confirmed that there is an inventory build-up and companies have increased margins for offline retailers to offer discounts on products. Chinese smartphone companies have increased their inventory in the domestic market, as they are selling across Europe. So now make your budget and buy the phone of your choice in the upcoming festive season.
first published:June 29, 2022, 11:21 a.m.