Phone Prices May Rise 10% After Diwali
Mobile phone retailers expect prices to rise by about 10 percent after Diwali, even as sales are falling. The All India Mobile Retail Association expects volumes to fall by 50 percent after mid-November, and that drop could last for a long time.
Context
Diwali is one of India's biggest festive shopping seasons, when many people buy phones and discounts are common. Price changes after a festival often follow a rush of buying, so buyers may want to plan purchases carefully.
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