Monday, January 19, 2026
27.1 C
Lagos

Egypt’s Smartphone Market Defies COVID-19, Reports 2.2% Growth in Q2

Egypt’s smartphone market grew 2.2% quarter on quarter (QoQ) in Q2 2020 to total 2.88 million units, according to the latest research conducted by International Data Corporation (IDC). While most markets in the Middle East and Africa suffered declines during the quarter, the pandemic did not hurt smartphone sales in Egypt as badly as expected.

This growth was spurred by vendors focusing on pushing affordable phones into the market, while vendors also accelerated their shipments before new import taxes were introduced at the end of June.

Samsung was the market leader in Q2 2020 with 23.8% unit share, followed by Oppo in second place and Xiaomi in third.

In terms of price bands, the quarter saw a remarkable shift to the ultra-low-end, with devices priced below $100 growing their share of the market to 30.5%. In terms of screen size, the 6.5–7.0” band gained 12.4 percentage points QoQ to account for 45.4% unit share.

“While COVID-19 did not halt demand for smartphones in Egypt, it certainly led to a change in market dynamics on both the supply and demand sides,” says Taher Abdel Hameed, a senior research analyst at IDC. “The price band and screen size trends indicate that consumers were opting for more affordable phones due to tighter budgets, while vendors supplied affordable models with higher specs to cope with challenging sales conditions during the pandemic.”

Looking at 2020 as a whole, IDC forecasts smartphone shipments to Egypt to increase 2.9% year on year. “Consumer demand continues to be resilient in the second half of 2020 despite certain inhibitors at play in the market,” says Yavuz.

“The new taxes on mobile phones, exchange-rate fluctuations, and a general decline in the economy due to COVID-19 will definitely have an impact, but the Egypt smartphone market remains dynamic. Global vendors are focused on the country and marketing spend is expected to continue, which will help the market overcome the barriers.”

spot_img
spot_img
spot_img

Hot this week

Nigeria: Illicit Drugs and the Challenge of Addiction

By Christiana Daniel ‎Nigeria’s fight against illicit drugs has intensified...

Gospel Artiste, Titilope Baptist-Sanusi, Speaks on Her ‘I WON’ Album

Titilope Baptist-Sanusi, popularly known as Baptista (BaptistaOnMiC), is a...

IMF Projects 4.4% GDP Growth for Nigeria in 2026

Global economic activity is projected to remain resilient in...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

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

Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

The Chartered Institute of Stockbrokers (CIS) and the Association...

Topics

Modernise Service Stations to Survive, BCG Advises Fuel Retailers

Oluseun Solanke Partner and Associate Director BCG Nigeria Fuel retailers have been...

Linkage Assurance Reports N6.52bn Gross Premium in Q4 2019

  Daniel Braie Managing Director/CEO Linkage Assurance Plc Linkage Assurance Plc has recorded...

Brokers Take Insurance Education to Lagos State Farm Service

Dr. (Mrs.) Bola Onigbogi President/Chairman of Council The Nigerian Council of...

Stanbic IBTC Bank to Host Maiden Edition of Home Ownership Summit

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

Union Bank Delists from NGX as Titan Trust Completes Takeover

In May, 2023, Union Bank received an offer from...

MTN Settles NCC Fine with N330bn, To List on NSE

MTN Nigeria and the Nigeria Communications Commission (NCC) have...

Imoke, Buratai, Maida, Others to Headline GOCOP 2024 Conference in Kogi

A former Minister for Power and Steel, Senator Liyel...

NAICOM, CIIN Partner on Key Market Initiatives

The Commissioner for Insurance (CFI) hosted the Council of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img