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African smartphone market expands modestly by 6% in Q2 2024 amid economic headwinds Shipments reached 17.8 million units in Q2 2024 as the robust double-digit recovery seen over the previous three consecutive quarters has been slowed down by macroeconomic volatility, including heightened inflation risks and renewed currency pressures due to lingering geopolitical tensions and political stability concerns related to elections.  North Africa outshines sub-Saharan Africa in the smartphone market. “Vendors leveraged the cost advantages carried over into the first half of the year to drive volume, resulting in an impressive 42% growth for sub-US$100 and 33% of the shipment was attributed to the price band,” said Canalys Senior Analyst Manish Pravinkumar. Feature phones still hold a substantial 52% share, and there are still many opportunities for smartphones to expand in the region. Top 5 vendors in Africa smartphone market for Q2 2024: #Transsion #Samsung #Xiaomi #realme #OPPO Read the full market report, vendor performances and analyst commentary: https://lnkd.in/gEEaVS5d Nicole Peng Sanyam Chaurasia Miguel Angel P. Runar Bjorhovde 刘艺璇(Amber LIU)#Africa #HMD #Apple #HONOR #vivo

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