After years of dominance in the Eurasian region, Chinese smartphone makers are seeing huge growth Russia after a few months Apple And samsungExiting the market amid Russia’s attack on Ukraine. According to experts, Chinese brands will soon account for 90 percent of the market share.
my true form – owned by China BBK Electronics According to data provided by Marvel Distribution, around 1.1 million smartphones were sold in the first half of 2022, compared to 4,98,000 units sold during the same period last year. poco – a spin-off brand from Xiaomi – registered a growth of 16 percent year-on-year, while Nokia – whose rights are owned by Finland’s HMD Global – also posted a growth of more than 40 percent this year.
Apple and Samsung lose market share after their exit
Other Chinese brands including Vivo, Tecno, Infinix and itel are also making their presence felt in the market.
Meanwhile, Apple and Samsung are on a downward trajectory after exiting the market earlier this year. The Cupertino giant reported a 14 percent loss in market share, while Samsung’s market share declined by 15 percent.
According to a recent report by Counterpoint Research, Xiaomi, Realme, Oppo, and Huawei Smartphones account for 61 percent of the market share in terms of sales as of May 2022.
However, the Russian smartphone market is not performing as well as last year despite Chinese brands registering some major numbers. About 10 million smartphones have been sold so far this year, which is said to be 23 percent less than the same period last year.
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