Wednesday, 1 April 2020

Apple, Xiaomi, Oppo increase smartphone prices in India

Xiaomi, Apple, and other major companies have increased the prices of their devices, with the changes coming into effect starting today, April 1. Although it sounds like a joke, it is actually true - the Indian government increased the Goods & Services Tax (GST) from 12% to 18%, and combined with the weak currency, made manufacturers rethink their pricing policy. Xiaomi sent out a press release, announcing that it has "no option other than to increase prices" since it is operating on less than 5% profit margin. The new prices will be effective immediately. Oppo sent out an updated...

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Author: via Bestsoftpro

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