The Zhitong Finance App learned that Canalys released a report stating that Egypt is in the top three in the African smartphone market, and has occupied an average market share of about 12% in the African region over a long period of time, which is similar to the share of Nigeria and South Africa in the African market. Although the market experienced a 58% year-on-year decline in 2022 due to adjustments in letter of credit regulations, the Egyptian smartphone market is showing a double-digit growth trend in 2024, starting with a lower base in 2023. Faced with problems such as rising market prices, increased currency fluctuations, and supply shortages, the local smartphone manufacturing industry in Egypt has shown a strong development momentum, which has had an impact on the operating pattern of many brands.

The Zhitong Finance App learned that Canalys released a report stating that Egypt is in the top three in the African smartphone market, and has occupied an average market share of about 12% in the African region over a long period of time, which is similar to the share of Nigeria and South Africa in the African market. Although the market experienced a 58% year-on-year decline in 2022 due to adjustments in letter of credit regulations, the Egyptian smartphone market is showing a double-digit growth trend in 2024, starting with a lower base in 2023. Faced with problems such as rising market prices, increased currency fluctuations, and supply shortages, the local smartphone manufacturing industry in Egypt has shown a strong development momentum, which has had an impact on the operating pattern of many brands.