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Mobile phone handset production has drastically dropped to 8.72 lakh units in May this year, the lowest in 17 months, according to the latest data released by the Bangladesh Telecommunication Regulatory Commission (BTRC). The production of mobile phones was 14.78 lakh units in April and 23.34 lakh units in May the previous year.
Businesses across the country had mixed bag of reactions when asked about their sales prior to the just-concluded Eid-ul-Fitr on April 22, with many blaming an inflation-induced rise in the cost of living and a heatwave taking a toll on shoppers.
Many top foreign brands have started manufacturing handsets by setting up plants in the country, while some home-grown brands are now leading the local market