RUSSIA SELLS MORE CHINA SMARTPHONES AS APPLE .

 RUSSIA SELLS MORE CHINA SMARTPHONES AS APPLE AND SAMSUNG LEAVE THE COUNTRY.

 

According to consumer electronics shop M.Video-Eldorado, Chinese smartphones accounted for more than 70% of the Russian market in the first quarter of 2023, up from about 50% the previous year. After Samsung and Apple both reduced sales in Russia due to the situation in Ukraine, China's smartphone industry exploded, with Chinese manufacturers Xiaomi and Realme currently holding the top two positions.

 

Moscow has dramatically boosted its usage of the yuan, increased energy supplies to China, and begun selling more automobiles with Chinese brands as Western automakers leave Russia, increasing its dependence on Beijing. According to M.Video, the top retailer of consumer electronics in Russia, Apple, and Samsung have fallen from first and third place in 2022 to third and fourth, respectively.

 

"Demand for brands from China in quantity terms increased by 42% relative to last year, and their total share was over 70%," M.Video further stated in a statement on Monday.

 

According to a report in Kommersant newspaper last month, Russia is attempting to wean itself off Western technology and has instructed officials working on the 2024 presidential election to stop using Apple iPhones due to security concerns. The Kremlin has also taken steps to permit Russian businesses to import certain goods—including smartphones—without the license holder's consent through a process known as "parallel imports."

 

The Kremlin has also moved to allow Russian companies to ship in some products, including smartphones, without the license holder’s permission in so-called parallel imports.

 

Analysts say that most devices are imported from China, but the Vedomosti newspaper in February cited research by GS Group, which said that parallel imports had helped iPhone imports from India double in 2022 compared with the year before.

 

Last year, M.Video and mobile operator MTS began selling discounted and used smartphones, offering Russian consumers cheaper alternatives as Western sanctions contributed to economic contraction and falling wages.

 

M. Video noted that demand for smartphones was recovering in the first quarter of this year.

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