Higher US dollar rate, increase in taxes and lower sales have caused a decline in local handset production in 2023
Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.
The smartphone production in the country dropped around 50 per cent month-on-month in May due to rising dollar prices and soaring inflation that led people to tighten their belts.
Higher US dollar rate, increase in taxes and lower sales have caused a decline in local handset production in 2023
Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.
The smartphone production in the country dropped around 50 per cent month-on-month in May due to rising dollar prices and soaring inflation that led people to tighten their belts.
