Why are mobile phones cheap in Shenzhen?

The industry is concentrated and the competition is fierce.

1. Industrial concentration: Shenzhen is the largest production base of electronic products in China, with numerous mobile phone manufacturers and parts suppliers. The industry is concentrated, the production cost is low, and the price of mobile phones is also low.

2. Fierce competition: The mobile phone market in Shenzhen is fiercely competitive, and many brands and manufacturers compete for market share. In order to attract consumers, manufacturers will adopt a low-price strategy to increase sales and market share.