Now you can buy a featured phone and not worry about going over budget. Here is everything you need to know about how you can buy a featured phone within your means.
A high-end featured smartphone is considered to be on the pricier side of the budget scale. It’s no wonder that these devices offer top-of-the-range features and are built to last. What’s more, manufacturers spend a considerable amount of time on research and development to ensure that these devices meet the highest customer expectation in terms of quality and end-user satisfaction. You would be excused if you thought that high-end featured phones were above-par when it came to cost.
The truth is that most of these top-of-the-line devices come with an affordable price tag, a case in point being Samsung smartphones under 10000 INR. A closer look at the mobile market reveals that featured smartphones from top brands like Samsung may be more within your budget than you’d have imagined.
This is excellent news for buyers looking to get the best bang for their buck. After all, who wouldn’t want a top-of-the-line featured phone with all the bells and whistles while avoiding a significant dent in their savings?
Advanced Technology With Optimized Manufacturing
So, how is all of this possible? There are several things to keep in mind when it comes to buying featured phones. Technology plays a key role in keeping costs down and making top-end hardware affordable, making them available for the masses. Take the example of Random Access Memory (RAM). A few years ago, 1GB mobile RAM was more expensive than 4GB RAM (the industry standard) phones sold today. Large scale manufacturing and the interchangeability of mobile hardware have resulted in lower prices for the end customer.
Flexible Payment Terms
The option of not having to make a lump sum payment has meant that many featured smartphone devices can be bought in easy installments (EMIs). These services offered online using credit cards, or the Bajaj Finserv EMI Network Cards can be availed to purchase your favorite Samsung phone on EMIs.
This begs the question: why settle for a lower-end phone when you can buy a featured phone and pay in easy monthly installments? Customers are pampered with easy EMIs and bank offers with 0% interest. As a result, buyers have a wide array of options while not being hindered by budget constraints.
Cut Customer Acquisition Cost
The cost of acquisition (marketing and promotion of product and brand) constitutes a huge cost to mobile manufacturers. Today’s manufacturers have caught on to the trend of cutting acquisition costs and transferring the benefits to the end customer. This has led to a drastic decrease in prices across the board for most mobile product lines.
Manufacturers who did not jump on this bandwagon were either forced out of the market or had to realign strategies. Various reports on mobile outreach have shown a decline in prices as low as 70% over 4 years. These changes in the market have resulted in a win-win situation for the customer and the brand.
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