The number of smartphones shipped to Africa increased 7.6% from 18.1 million in Q2 2022 to 19.6 million in Q2 2023, according to the Worldwide Quarterly Mobile Phone Tracker recently issued by the International Data Corporation (IDC).
South Africa, Nigeria, and Egypt were the top African destinations over the period with Chinese Transsion's brands (Tecno, Itel, and Infinix) remaining the most popular. Next are South Korean Samsung and the Chinese Xiaomi.
The increase in smartphone sales in Africa during the second quarter of 2023 marks the end of seven consecutive quarters of decline due, in particular, to the pandemic period, which came with rising inflation, economic instability, depreciation of the local currency against the US dollar, and weak consumer demand.
Ramazan Yavuz, Senior Research Director at IDC, believes that the African smartphone market should continue to grow in 2024, even if the volumes will not reach the level seen in 2021 in the short term. "The difficulties and challenges posed by the global economic outlook continue to affect the region, preventing a faster recovery. In the long term, the influx of affordable mobile phone models from all brands and the acceleration of the transition from feature phones to smartphones will drive market growth," he explained.
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Ghana ordered major miners to transfer operations to local contractors by December 2026. Authorities aim to build national mining champions capable of...
S&P Global Ratings ranked 25 African sovereigns by exposure to the Middle East war on April 23 When read against IMF and World Bank reports issued in...
Guinea launches MPS30, MPS32 to reform higher education system Projects aim to align curricula with labor market needs Low graduate employment drives...
Desert Gold launches 4,250m drilling at SMSZ project in Mali Program targets resource expansion across five priority prospects Campaign supports...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...