Canalys' Q3 2024 report indicates a modest 3% year-on-year growth in the African smartphone market, with a projected 1% growth in 2025 due to economic uncertainties.
Individual markets show varied performance. Egypt leads with 34% growth, fueled by strong local production, while Nigeria's growth stalls at 1% amidst currency depreciation.
South Africa, after six quarters of strong growth, faced a 10% decline attributed to economic uncertainties, including climbing food prices and rampant inflation affecting consumer spending.
Transsion continues to dominate with a 50% market share and 8% growth, while competitors like Xiaomi and Honor also report significant gains amid challenging conditions in Africa.
Collection
[
|
...
]