Samsung has unexpectedly hiked the prices of its smartphones by 5% in India. The price of Samsung’s flagship phone, the Galaxy S4 has been increased by Rs.1,500, Galaxy S3 by Rs.1,820, Galaxy Grand Duos by Rs.1,000 & Galaxy Note 2 by Rs.2,495.
The falling Rupee is the cause for this increase in prices as the smartphones are imported from abroad and the transactions are done in US Dollars. The current value of USD is Rs.63.22 which is quite higher and it is increasing. This in turn is affecting various smartphone vendors to keep the prices of their products stable. Samsung is the first one to hike the prices but it may not be the lone one to do so. Some vendors might not raise the prices of their mobile phones that are already in stock but the new to-be launched mobile phones will suffer this wrath of falling Rupee.
We hope that the conditions become stable both for the companies and customers in India.