24 Hrs
Source:
المصري اليوم
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Chamber of Commerce: Local Phone Prices Rise 55%
Mobile phone prices manufactured in Egypt have risen by 55% since the beginning of the year, with the cheapest local phone reaching around 7,000 Egyptian pounds, up from approximately 4,500 pounds. The increase is expected to continue until 2027 due to rising costs of components such as RAM and ROM, driven by artificial intelligence technologies. Additionally, imported phones are significantly more expensive, mainly because of tariffs of about 40%, leading to higher prices for imported iPhones—which cost around 60,000 pounds abroad—and are sold in Egypt for over 100,000 pounds. This price rise has impacted market sales, which have declined by 20%, as companies struggle to produce sufficient quantities to achieve self-sufficiency.
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