Realme launched its flagship model - Realme 2 Pro in the India by late September along with Realme C1 smartphone, which is a budget end device. After launching couple of good products in the market with a competitive prices, the phone maker is now looking to hike the prices for its product range in India. The company has been feeling the heat with the difference in value between Rupee and Dollar, which has been steadily increasing. The company will be increasing the prices for its smartphones post Diwali. Flipkart Big Diwali Sale 2018 Offers Xiaomi Poco F1 at Just Rs 7,099, Here Is How You Can Buy the Smartphone Online.
Madhav Sheth - Realme India CEO hinted about the price hike by tweeting out on his official twitter account. The Tweet reads, “The rupee rates are falling and as a brand we actually work on low margins. It indicates that we might have to upgrade the pricing, just to make sure that we continue to give you the best technology in our upcoming offerings. We are trying to figure out a solution post Diwali.” Diwali 2018 Offers on Mobile Phones via Flipkart & Amazon: Top 6 Online Deals on Smartphones.
The rupee rates are falling and as a brand we actually work on low margins. It indicates that we might have to upgrade the pricing, just to make sure that we continue to give you the best technology in our upcoming offerings. We are trying to figure out a solution post Diwali.👍
— Madhav Sheth (@MadhavSheth1) November 2, 2018
Moreover, Xiaomi has also hiked the prices for its selected smartphones as well as TVs in India post Indian rupee value depreciation. However, there is no concrete details or solid information about the same. Sheth’s another tweet somewhat confirms the price hike as it states, “We’ll try to bring the same Power and Style to you at best prices.” Diwali 2018 Best Smartphones: Top 5 Mobiles Under Rs 10000 To Buy or Gift This Festive Season in India.
As a reminder, Realme initiated as online-only company under the umbrella of Oppo. Now, the company is operating as a separate entity all-together in offline markets too. The Realme smartphones are also available via Amazon India, Flipkart, Realme smartphones, Reliance Digital and My Jio stores.
Moreover, the company also claims that they have retailed more than 2 million units during Big Billion Days as well as Festive Dhamaka Sale on Flipkart. Moreover, Realme 2 has been the best smartphone from the company till date, which has witnessed more 1 million devices sale in just 40 days of the launch.