There was a time when a mobile phone with a 0.3-megapixel camera was considered a great and a premium phone. Many of us remember how crazed we were when the new Nokia 6600 came out.
Due to this, these mobile phones were sold at a premium price. Eventually, with developments in mobile technology, the features started increasing, and innovation started taking leaps weekly.
The 0.3-megapixel camera was replaced by 5 megapixels, then to 10, and now we have 48-megapixel cameras, available in the budget of mid category phones as well.
It is not surprising that many companies took advantage of this disruptive shift in telecommunication technology and started manufacturing cheap mobile phones to buy at higher technical specifications than what was available before.
In the last few years, there have been many flagship budget-phones on by premium brands.
However, with new mobile companies coming into the global market, these features were soon brought into mobile phones within a budget of 300 USD. It was a considerable price difference, which led to more and more phones getting sold in the mid-budget category. However, it was not the end of price wars in the Mobile industry.
If we compare the mobile phone industry now, a phone with excellent features and even a quad-camera is available at low prices.
A phone with a good quality mid-range processor, 3-4 Gb of RAM, and up to 128 GB of flash memory is available in the market at an average cost of 250 USD, but you can now find similar specs at a range of 200USD.
The scenario has changed the market share and the competition among the brands in the budget segment, which used to have only a few options to choose from before.
Since the companies know that the budget phone market is one of the biggest money machines, they have been focusing on providing maximum and premium features at the lowest cost possible.
If you are looking for a cheap mobile phone to buy, then there are multiple companies in the market to choose from now.
With the doors open to international Mobile phone brands, the new kings of the budget category have emerged.
Brands like Xiaomi, Realme, Asus, Oppo, and Vivo have radically disrupted the smartphone industry. Seeing their rise, older biggies like Nokia and Motorola are following suit.
If you are willing to buy a new phone under a budget category, there are multiple choices available in these brands. Also, these brands provide a lot of different payment schemes, which has made purchasing these phones a lot easier. You have cashback and discount offers all year round.
With increasing features and reducing prices, we can hope to see many more different features in these mobile phones in the future.
Some of such mobiles like Realme 5 with quad-camera are perfect examples of how budget phones have now started accommodating premium features.