Prices of mobile phones are likely to increase by mid September. This is because of the fall in rupee value. As the Rupee value against US dollar touched 70, many handset manufacturers are facing a rise in their cost as they import many components.
If Rupee value stays at 70 or goes above the 70 mark, then there is definitely a price rise for the products that would reach the market around Diwali. Consumers may like to prepone their purchases. But, vendors are likely to offer more offers too to offset the price rise.