The top of the Cell Division on the Chamber of Commerce Mohamed Talaat mentioned he predicts the costs of cell phones to rise by 15 p.c, after making use of the worth of the customs tax estimated at 10 p.c.
The market is affected by stagnation through the present interval by as much as 30 p.c, he added.
Throughout a Tuesday phone interview with the “Taking place in Egypt” program, broadcast on MBC Masr, he defined that the value hike applies to many different items, stating that the most affordable cell now available on the market is estimated at LE200, the most affordable sensible telephone is estimated at LE800, whereas the costliest cell is estimated at LE35,000.
Nonetheless he assured that the rise won’t apply to an area manufacturing unit that produces Egyptian cell phones in Egypt.
The division is engaged on speaking with officers to implement this enhance in levels, particularly because the market is at the moment stagnating, mentioned Talaat.