PRESS: Top smartphone makers may lose 760 bln rbl under sanctions - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Top smartphone makers may lose 760 bln rbl under sanctions

MOSCOW, Feb 7 (PRIME) -- Apple, Samsung, Xiaomi, and Realme may lose 760 billion rubles annually if supplies of U.S. microelectronics to Russia are banned, business daily Kommersant reported on Monday quoting research center GS Group as saying.

The country imported 35.2 million smartphones worth 832 billion rubles in 2021, and RussiansТ spending on smartphones increased by 32% because prices of new models advanced, GS Group said.

The group thinks that the countryТs imports of smartphones may decrease to 34.9 million in 2022 amid weakening purchasing power. In case of technological sanctions and a ban on direct supplies of devices by the largest vendors, the total loss of Apple, Samsung, Xiaomi, and Realme is seen at 760 billion rubles, half of which would be of Apple.

Media reported earlier that the U.S. is preparing a ban on exports of any consumer goods with U.S.-made components to Russia if the situation on the Ukrainian border deteriorates.

Under the sanctions, the share of the key producers on the market would plunge to 10Ц20% from more than 80%.

(76.0509 rubles Ц U.S. $1)

End %%ee/jst%%

07.02.2022 11:48
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul