Saturday, February 14, 2026
31.4 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 Secures Permanent Seat on the Board of African Central Bank

During the just-concluded 39th Session of the Executive Council...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Index-Based Livestock Insurance Consortium Disburses ₦181.9m in Claims Payouts to Livestock Herders

A consortium of insurance companies led by Leadway Assurance...

SanlamAllianz General Insurance Appoints Jacqueline Agweh as MD/CEO

 SanlamAllianz General Insurance has announced the appointment of Mrs....

BudgIT Claims 92 Fraudulent Projects Out of 2,760 in 2024/2025 Tracka Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens...

Topics

The Alternative Bank Drives Catalytic Capital for Sustainable Africa

Chief Executive Officer, Sterling One Foundation, Peju Ibekwe; Representative...

Ecobank, Vanguard Financial Inclusion Forum Set for Dec 8

All is set for the digital financial inclusion summit...

Stanbic IBTC Insurance Launches Education Endowment Plan to Secure Children’s Academic Future

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

FOR THE RECORD

Address by Prince Julius Adelusi-Adeluyi, OFR, mni, Chairman, MTN...

NAICOM Committed to Insurance Development in Nigeria

Mr. O.S. Thomas Commissioner for Insurance NAICOM Mr. O.S. Thomas, the Commissioner...

Unity Bank Projects N27bn in Q4 Earnings, Targets N4bn Profit

Unity Bank Plc has projected gross earnings of N27...

NAIPCO to Honour 21 Insurance, Pension Operators with Award

No fewer than 21 outstanding companies and individuals in...

CBN: ‘BVN Issued in Nigeria Has No Expiry Date’

The attention of the Central Bank of Nigeria (CBN)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img