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PRESS: Handset imports falls 3% in H1 on underperforming market

MOSCOW, Sep 2 (PRIME) -- Russias imports of smartphones and feature phones decreased 3% on the year to 20.7 million devices in JanuaryJune with the fall occurred mainly in AprilJune, business daily Kommersant reported on Monday, citing GS Groups figures.

Supplies fell 19% on the year in AprilJune after a 16% rise in JanuaryMarch. Imports of feature phones and low-price devices for less than 7,000 rubles plunged 44% to 7.7 million devices, or 37% of the total volume.

Betting of importers on decreased incomes of households turned out to be wrong: the consumer needs a modern smartphone, not a feature phone, head of GS Groups analytical center Alexander Surkov said.

Under the pressure of the U.S. ban, Huawei cut supplies of smartphones to Russia in AprilJune by 15.1% and ceded the first place to Samsung.

A source in a retailer told Kommersant that the market is below expectations this year. There has been a year-to-year fall in the number of sold smartphones from July.

Head of the mobile department at Marvel-Distribution Pavel Vyukov said that prospects for 2019 were overestimated and there were imported far too many devices at the end of 2018. The situation could remain till the end of 2019, he said.

(66.4897 rubles U.S. $1)


02.09.2019 09:20
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