Mobile, IT product traders expect sales to pick up ahead of Eid

Md A Halim
Published : 11:11, May 27, 2019 | Updated : 11:12, May 27, 2019

Businesses selling IT products and mobile phones are facing a slump since the beginning of Ramadan. Though Eid is just a few days away, traders are skeptical of the possibility of a market revival though they feel that sales may pick up in the past seven days of Ramadan.
At that time, employees of different organisations will get bonus for Eid and may spend on new phones or gadgets, trader feel.
Sellers at BCS Computer City, Elephant Road Computer market have said that they haven’t seen too many customers as yet but are optimistic that the situation may improve near the end.
President of the Bangladesh Computer Samity, Shahid ul Munir, observes: “There is a fall in the market selling IT items because people are busy in other shopping; but this will change at the end of the month.”
One of the directors of IT equipment importing company, Smart Technologies, Mujahid Al Beruni Sujon, adds: “Sales go up when people get their salaries; also, there is a link with the sale of rice in the northern part of the country.
The recent decline in the price of rice is also a contributing factor for a sluggish market.
Joint secretary of the Bangladesh Mobile Phone Importers’ Association, Mesbah Uddin, says: “We are seeing plummeting sales and can only hope that the market will pick up at the end of the month of Ramadan.”
Distributors of Huawei, Sakib Arafat, says, “Due to international pressure, Huawei faced initial turbulence in sales, but now, buyer interest has risen.”
Meanwhile, distributor of Xaomi phones observes, “The mobile market is facing a tumble, 20-25 per cent sales have fallen though it was the same last Ramadan with sales picking up in the last seven days.”