Here’s why prices of affordable smartphones, smart TVs increased from July 1

The cost of some affordable smartphones and smart TVs have increased from July 1. There are chances that more companies that manufacture electronic goods will hike prices across affordable categories. Here is all you need to know.

Prices of many electronic goods including smartphones and smart television sets have increased since July 1. The price rise has been confirmed by electronic manufacturers operating in the country, including some Chinese firms. The companies said the price rise will be seen across affordable product categories including 4G smartphones and smart TVs. Several electronic goods manufacturers have increased prices including Xiaomi, Realme and Oppo.