If you have been planning to buy or upgrade your phone then now might be a good time.

According to multiple reports this week, 4G smartphone prices could fall as retailers look to clear their stocks before the end of 2023.

It is estimated that the 4G phone prices in India will reduce by 10 to 20 percent in the coming days, (up to Rs 2,000) which could help the shop sellers clear their inventory before the year ends.

You might say that buying a 4G phone at a time when 5G networks have expanded rapidly, doesn't make sense. But when you consider the price difference and the limited use case of 5G networks in the country, 4G phones are still a very good option, at least for another few years, if not more.

Analysts have pointed out that sellers got additional stocks of 4G phones to manage the higher demand during the festive period, but it seems 5G phones had the better share of sales from August to October this year. Keeping the unsold units will pose more issues for these dealers, who would rather sell them at a lower price than let them rot in the warehouse, which is any day a sound decision.

With the launch of 5G services in October last year and the quick network expansion across the country, 5G phones are clearly the apple of the eye for consumers. However, the price levels of 5G phones have kept the entry-level buyers from upgrading, who could now look at the cheaper 4G options, which can be picked up for less than Rs 10,000.

Other reports suggest the retailers want higher margins from brands to sell the 4G phones, which will be a win-win situation for all the parties involved. Many people still ask us if buying a 4G phone makes sense, and our answer is yes, especially when the data speed differences between 4G and 5G data in most parts of the country is not a lot.