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بوابة الشروق
Mobile Head: Price Hikes in Mid-Range Segments
The rise in mobile phone prices in Egypt has become a tangible reality, especially in the mid-range and economy segments, with increases of up to 55% since the beginning of the year. Causes such as shortages of electronic chips and a surge in shipping costs of up to 500% due to issues in the Bab el-Mandeb Strait and the ongoing conflicts between the U.S. and Iran are contributing to higher expenses for companies. However, the report suggests that these increases are exaggerated, noting that traders are experiencing a decline in sales and are compelled to raise salaries and offer incentives to offset the rising prices. They also call for the implementation of official price lists to regulate the market.
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