November 28, 2022

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China’s smartphone makers chip away at Samsung, Apple’s Russian market share

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A person utilizes a smartphone on an embankment of the Neva River in Saint Petersburg, Russia April 24, 2022. REUTERS/Anton Vaganov

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June 9 (Reuters) – China’s market share in the Russian smartphone industry jumped appreciably in May possibly as makers like Apple and Samsung (005930.KS) paused new income in Russia and Western sanctions weighed on the Russian overall economy.

Chinese producers Xiaomi (1810.HK), Realme and Honor accounted for 42% of Russia’s smartphone profits in May 2022, in accordance to facts from cell community MTS shared with Reuters, – up from 28% all through the very same thirty day period very last year.

South Korea’s Samsung shed its place as the market leader, with 14% of equipment sold versus 28% very last 12 months, and Apple’s share dropped to 9% from 12%.

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Total smartphone profits ended up down 26% calendar year-on-year, MTS stated, as Western sanctions and supply chain disruptions have severely strike Russia’s purchaser financial state.

Apple and Samsung stopped new product income in Russia just after Moscow despatched its military into Ukraine in late February, but stores have been ready to use up current stocks.

The Kremlin has also moved to enable Russian organizations to ship in some goods, such as smartphones, without the license holder’s authorization in a so-called “parallel imports” scheme.

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Reporting by Reuters

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