Thursday, May 28, 2026
26.5 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
spot_img

Hot this week

Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

L-R: Mr. Suleiman Olalekan Ajani, MD/CEO, CBI Insurtech and...

NDIC Reiterates Commitment to Strong Deposit Insurance Funding to Enhance Financial System Stability

L – R: Executive Director, Corporate Services, Nigeria Deposit...

CIIN Concludes Insurance Week 2026 with Awards Galore

L-R: Mrs. Ekeoma Ezeibe, President/Chairman of Council of NCRIB...

Topics

NCC Commended as AfricaNXT 2023 Begins in Lagos

The Nigerian Communications Commission (NCC), at the opening of...

First Bank Suffers 82% Drop in Profit, To Sack 1, OOO Staff

FBN Holdings Plc published its much awaited audited FY:2015...

Travelstart, MTN in Strategic Partnership, Raises $40m for Online Travel Market

Travelstart, the leading Internet travel booking company in Africa,...

UK Mobile Payments Platform Registers 1m Users, £6.5m Transaction

The UK Payments Council says that over a million...

Africa Pension Awards 2O16

African countries now have the platform to showcase their...

SMEs Reap Rewards at RedStar SME 1000

Determined to rejuvenate and strengthen SMEs in the country...

NDIC Clinches FG Platinum Award for Outstanding Performance in Corporate Governance, Service Delivery

L-R: Managing Director/ CEO, Nigeria Deposit Insurance Corporation (NDIC),...

Guinea Insurance Hosts Strategic Board Retreat to Reinforce Vision, Leadership Transition

Seated (L–R): Mrs. Chioma Okigbo (Non-Executive Director), Mrs Bernice...
spot_img

Related Articles

Popular Categories

spot_imgspot_img