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

Nokia brings back the "8110" that appeared in d matrix

It’s easy to forget that Nokia was once one of the biggest phone companies in the world. In 1999, it was so popular that one of its devices, the Nokia 8110, appeared in the first Matrix movie. Now, the curvy handset nicknamed the banana phone is back. As well as unveiling a slew of  new handsets  at MWC, HMD Global, which creates Nokia-branded phones under license, showed off the new Nokia 8110 4G at the event. As it did with last year’s  Nokia 3310 , the company has updated the classic handset for modern users, though it is still a relatively cheap feature phone that’s likely to appeal mostly to retro fans—HMD even referred to it as a “vacation phone.” The new 8110 retains its original slider and curve and will be available in traditional black or banana yellow colors. It comes with KaiOS—a fork of Firefox’s now  discontinued  Linux-based mobile operating system—and uses HTML5 apps. Owners get Google Assistant, Maps, and Search, along with Facebook a...
Post a Comment
Read more

Why Joseph parker is doomed if he fight Antony Joshua- Heavy weight boxer, Dillian whyte gives reasons

According to Daily Star UK, Anthony Joshua’s rival Dillian Whyte claims Joseph Parker is set to fail in his forthcoming heavyweight clash for one obvious reason. Whyte was unbeaten when he faced off against Joshua in December 2015, providing the future unified champion with the sternest test of his career. The 29-year-old appeared to have Joshua on the ropes when he wobbled him with a well-timed right hand. But he could not sustain the momentum and eventually became the 15th victim in a perfect knockout streak that has since extended to 20 fights. Ahead of his own heavyweight clash with Lucas Browne later this month, Whyte was asked whether Kiwi WBO world champion Parker could give Joshua problems on March 31. “Parker will come to fight but I believe what he brings to the table will work right into AJ’s hands,” Whyte told talkSPORT. “Because he is a ‘come-forward’ fighter, he’s not the strongest of guys and he’s not got the strongest defence and AJ will relish th...
Post a Comment
Read more