Skip to main content

Samsung plans to double it's African shares to 20% in 5 years

South Korean electronics giant, Samsung Electronics Co. Ltd plans to double the annual revenue contribution from its African markets to 20 percent of the company’s total revenue globally in the next five years.
Head of Business on the continent, Samsung Electronics, Mr. Sung Yoon, said Samsung accounts for over half of the mobile handsets and televisions sold in African nations.
Yoon said: “We think Africa is extremely important for the future. Demand for Samsung products was being driven by growing African demand for bigger TV and mobile phone screens.”
He stressed that Samsung has witnessed growth due to an increase in connectivity across the African continent, noting that it has brought about higher investment in telecommunication infrastructure.
According to him, the growth would further boost demand for its devices in the future, adding that more African consumers are turning to smartphones for more basic models helped by faster Internet speeds.
Yoon said Samsung faced competition in Africa from cheaper devices, undercutting even Samsung’s more basic smartphones.
“Those entry products are still slightly more expensive than our low entry competitors; so it’s difficult to reduce the gap … We cannot sacrifice the quality,” he said.
Samsung’s rivals in Africa include China’s Huawei Technologies [HWT.UL] and Tecno, owned by Hong Kong’s Transsion Holdings.
SOURCE: https://brandspurng.com/samsung-plans-to-double-its-africas-share-to-20-in-5-years/
Labels:

Comments

Post a Comment

Popular posts from this blog

Free threats for students who put down phones

An app that rewards students for time spent away from their phones is being released in the UK. Hold was developed by three students who met at Copenhagen Business School and wanted to develop something to help with the issue of device distraction. It has proved popular in Scandinavia, with more than 120,000 users across Norway, Denmark and Sweden. Experts are growing increasingly worried about the issue of device addiction. According to a 2017 study by the University of Texas , simply having a smartphone within eyeshot can reduce productivity, slow down response speed and reduce grades. suggested pupils who did not use their smartphones on school grounds saw a 6.4% increase in test scores. The app will initially be rolled out to 170 universities around the UK. It works on both Android and iOS devices and is free to download. Students will accumulate 10 points for every 20 minutes that they do not use their mobile phone between 07:00 and 23:00 every day of the week. ...
Post a Comment
Read more

Are Smart TV Designs Taking Home Security for Granted

Millions of smart TVs from Samsung and some streaming devices from Roku recently were found to be vulnerable to cyberattacks, allowing intruders to take control and remotely change channels and volume settings, among other things, according to  Consumer Reports  research. Vulnerabilities were discovered not only in Samsung televisions, but also in TVs from TCL and other brands that sell sets compatible with the Roku TV smart-TV platform and streaming video devices such as Roku Ultra, according to the report. Further, the affected televisions and devices collect a wide range of personal data, Consumer Reports noted, and users who choose to limit that data collection would risk limiting the functionality of the TV. The report is based on a wide ranging security and privacy review of major brands, including Vizio, LG and Sony. This review was the first conducted as part of Consumer Reports' new Digital Standard, which is an effort among several nonprofits, including t...
Post a Comment
Read more

What is comprehensive car insurance

After buying a car   you should consider the insurance cover that you should take. There are a number of factors that you should consider when choosing the type of insurance cover that is suitable for you. In the process of shopping for insurance cover for your car you might have come across comprehensive car insurance. What is comprehensive  car insurance? This insurance protects your car against risks such as being stolen or damage regardless of who is at fault.The only exception is when there was a collision the comprehensive cover cannot pay for collision. For instance if your car is involved in damaged by falling objects, theft, fire, animals, natural disaster and civil disturbance comprehensive cover will protect you against them. You should also check with your insurance agent so that you know which of the above damage is included in their  comprehensive car insurance  policy. Different insurances companies cover different perils in their comprehensi...
Post a Comment
Read more