Tipster gave information on the Chinese micro-blogging site Weibo that it has been suggested on GizmoChina that the prices of Xiaomi TV models may increase in the market from CNY 100 to CNY 300 (about Rs 1,100 to Rs 3,200). Tipster also indicated that the price hike would be announced by Friday i.e. today, August 28. It is believed that other TV models can also increase the prices of their TVs, mainly due to the constantly increasing price of LCD display panels. If the display panel plays an important role in the TV manufacturing cost, the price of other mainstream TV models, along with Xiaomi TV, may increase.
Gadgets 360 has approached Xiaomi regarding price increases and has tried to know if these increased prices will affect the Indian market as well. As soon as we get an answer, we will update you through this report.
Faisal Kawoosa has attributed the continuous increase in the price of LCD display to the close of the festive season. They reported that supply chain was disturbed due to COVID-19 epidemic, due to which supply has decreased. At the same time, preparations for the festive season have started and the demand for TV has increased. Because of this, the price has suddenly increased. However, the increased price will not only affect the LCD panel but also other components of the TV. In addition, the price of all components is changed once a year, which is usually the same time.
Talking about the report of market research firm TrendForce, it has been said that the price of 55 inch panel and 32 inch panel of TV will increase by 10 percent in August this month. At the same time, the other panel sizes, which include 50 inches, 65 inches and 75 inches, will increase by 8 to 10 percent, 5 to 7 percent and 1 to two percent respectively.