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.
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
GIMAC, Visa sign deal to modernize CEMAC payments ecosystem Partnership targets digital payments, interoperability and financial inclusion Move...
South Africa’s PIC plans to sell majority stake in Daybreak Move seeks strategic investor after years of losses and mismanagement Poultry firm under...
Deal follows bilateral talks on sanitary and technical standards New market could boost exports amid rising Uruguayan demand Egypt has been cleared...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...