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Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.
Mobile Phones: Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.
Prices of most electronic components for television, mobile phones, appliances and computers, and the freight cost of shipping them to factories have eased to pre-Covid levels after touching record highs in the last two years.
Prices of electronic components and shipping costs have returned to pre-Covid levels, prompting consumer electronics companies to consider lowering prices to stimulate demand. The reduced cost pressures are expected to improve operating profit margins for these companies.