Will Egypt’s mobile phone prices go up again?

Egypt’s mobile phone prices may see another increase, according to Mohamed Talaat, the Head of the Telecommunications and Mobile Division at the Federation of Egyptian Chambers of Commerce (FEDCOC). Talaat explained that the rising cost of components, particularly RAM and ROM, which make up 20 percent of a mobile phone’s makeup, has driven up prices.

He noted that these components are not produced domestically but are manufactured by a select group of global companies that control pricing. This trend coincides with these companies shifting their focus toward producing larger components linked to artificial intelligence. Talaat observed that the prices of mobile phone components have been rising since the beginning of the year, with price fluctuations occurring every ten days, inevitably impacting the final price of the devices.

He emphasized that Egyptian companies contribute 50 percent to the manufacturing process, while the remaining 50 percent consists of imported components. Talaat further noted that rising mobile phone prices are a global issue not limited to Egypt, confirming that these price adjustments are driven by the increased cost of components.

Brief written by urgent.news from Egypt Independent's own syndicated text. Machine-written — may contain errors; check the original before relying on it.