Component supply constraints may push up phone prices, impact new launches: Industry experts

Festive season this year is likely to see fewer launches by smartphone companies and prices of existing devices could rise by 7-10 per cent as players are grappling with severe shortage of components, including semiconductor chips, according to industry experts.

Trends like remote work and study-from-home during the COVID pandemic have led to an explosive growth in semiconductor demand that has placed a huge strain on global supply chains around the world. Freight costs in China have also gone up significantly, putting greater stress on device makers.