Lamis Al-Hadidi: AI, inflation, and war impact mobile prices
The article discusses a roughly 20% decline in local mobile phone sales in Egypt due to rising prices, which have been driven by inflation, artificial intelligence, and war. These factors have increased the cost of importing components and raised the price of phones, with even the cheapest models reaching 7,000 Egyptian pounds. TV host Lamis Al-Hadidi confirmed that the rising prices have led to a change in consumer behavior, with people becoming more cautious about replacing their current phones and preferring to repair them instead. This shift is a result of the increased difficulty in purchasing new phones amidst inflation and global economic challenges affecting supply chains, such as the closing of the Hormuz Strait.
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