Sunday, October 19, 2025
24.4 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Africa: Smartphone Shipment Grew 13.2% in Qtr2 2021

 
Smartphone shipments into Africa grew 13.2% year on year in Q2 2021 to total 22.8 million devices, according to the latest insights from International Data Corporation (IDC).

The firm’s Worldwide Quarterly Global Mobile Phone Tracker shows that feature phone shipments increased 11.8% over the same period to total 26.7 million units. With 54.0% share in Q2 2021, feature phones continue to account for the majority of the African mobile phone market due to their relative affordability and durability.
“After a year of unprecedented market conditions, Africa’s smartphone market is showing signs of recovery from the economic damage inflicted by the COVID-19 pandemic,” says Arnold Ponela, a senior research analyst at IDC.

“The region’s largest smartphone markets each contributed to the overall growth in Q2 2021, with Nigeria (+36.7%), Egypt (+24.6%), and South Africa (+10.5%) all recording strong year-on-year increases in shipments.”
Figure 1: Africa Smartphone Market by Brand Share (Units), Q2 2020-Q2 2021

 

 

Transsion brands (Tecno, Itel, and Infinix) continued to dominate Africa’s smartphone space in Q2 2021, with 47.4%unit share. Samsung and Xiaomi followed in second and third place, with respective unit shares of 19.3% and 9.1%.

The Transsion brands (Tecno and Itel) also dominated the feature phone landscape with a combined share of 76.3%. Nokia placed third with 9.8% share of feature phone shipments in Q2 2021.
“The competitive landscape in Africa changed with Huawei out of the top five for the first time in many years, after shipments declined due to the increased weight of U.S. sanctions on the company,” says Ponela.

“Taking advantage of this situation are the Chinese vendors OPPO and Xiaomi, which both saw their share of the market increase during the first half of 2021.”
In terms of price bands, devices priced below $200 accounted for 84.7% of smartphone shipments to Africa in Q2 2021. The share of smartphones priced below $100 increased from 42.0% in Q1 2021 to 45.0% in Q2 2021, while the share of devices priced $100-$200 decreased from 43.3% to 39.6% over the same period.
“Given the challenging macroeconomic conditions and subsequent increase in smartphone uptake in Africa, it’s no surprise that the sub-$100 segment was the clear hero in Q2 2021,” says Ramazan Yavuz, a research manager at IDC. “The sub-$100 category is also benefiting from the ongoing decline in feature phone share due to vendors and mobile operators transitioning their product portfolios away from feature phones and toward affordable entry-level smartphones.”
Looking ahead, IDC expects Africa’s overall mobile phone market to grow 3.2% quarter on quarter in Q3 2021, with overall shipments to increase slightly through 2021, leading to year-on-year growth of 4.5% for the year as a whole.

“The African smartphone market is expected to recover as vaccines become more widely available, despite virus mutations causing secondary lockdowns,” says Yavuz. “The markets are now better prepared to handle the situation, with the impact of these secondary lockdowns not as severe as they were first time round.”

 

 

 

 

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

NLNG: $18bn Dividend, $18bn FDI, $9bn in Taxes, $1.2bn Vendor Finance, 100% Nigerian

Philip Mshelbila Managing Director/CEO Nigeria LNG Limited The Nigeria LNG Limited (NLNG)...

Rio Olympics 2016! The Aviation Factor

Olympic Flame was Delivered in Four Lamps The Olympic torch...

Jobberman, Mastercard Target 5m Job Seekers in Alliance for Better Work Initiative

Jobberman, a major job placement website in sub-Saharan Africa,...

Leadway Assurance Gets ISO/IEC 27001 Re-certification for Superior Information Security Management Systems

  Leadway Assurance, one of Nigeria's leading insurers, has received recertification...

China Mobile Awards $1.5bn Contract to Nokia

Nokia has won an order worth just over $1.5...

Stanbic IBTC Bank, Tillit MSME Microservices to Empower Healthcare SMEs in Nigeria

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Nestle Nigeria: Strong Earnings Growth in 2018FY Masks Weakness in Q4-18

NESTLE published Q4-18 and 2018FY results after close of...
Exit mobile version