Mobile firms set for round 4 of price hike as chipset supply runs dry

A revival in consumer demand may have fired up the handsets market post-lockdown, but another round of price hike is now threatening to spoil the party. In a year, when the industry has already suffered due to shortage of components, hike in taxation rates and total loss of business for months, the latest trouble may take the sheen off the year-end glitter.
 
With supply of mobile chipsets running dry, manufacturers here are left with no option but to hike prices once again, making it the fourth round of increase in 2020.
 
Manufacturers are talking about raising handset prices