Inventory cost management is one of the biggest burden the smartphones, mobile, and the gadgets segment companies face today as the costs have been soaring due to a poor health in the economic growth stance and the last of fresh credit growth doing no possible action to spur the investor sentiment or instigating a buying spree so as to increase the market consumption rate which has been the stimulus of the Indian growth story thus far. Asus in a major decision announced that it would be slicing the price tags of its lower-end smartphones in order to mitigate the astounding costs of inventory that the company faces today, and this is a cue for others to follow on the lead of Asus as this is what the market demands as of this moment.
When the going gets tough, the tough get going; this is an apt analogy for what is happening currently in both the global markets and the Indian domestic market as the tougher decision-makers who are bent of ensuring the survivability of their enterprise even if it means amputating the crown jewels or the systematic and strategic disinvestments would be the ones who will see through this disdained storm to come out on top.
A lot of policy measures have been taken to boost growth, and the bi-monthly monetary policy committee has also held a keen eye on the buildup of circumstances in the domestic market, what we shouldn’t forget is that in today’s times when the whole world is interwoven into the fabric of globalization the effects will be felt everywhere if there is a disturbance anywhere and thus the systemic problems should be kept in check so as to avoid them becoming structural problems that are more difficult to overcome and resolve.
The price cuts offered on handsets are Asus ZenFone Max Pro M1, aka Asus Max Pro M1, which has received a price cut worth Rs. Five hundred on all its variants and now starts at Rs. 7,499 along with other models like Asus Max M1 (also known as Asus ZenFone Max M1) and The Asus Max M2 (previously known as the Asus ZenFone Max M2) which have already been communicated to the concerned authorities to bring this price cut to action.