{"id":22312,"date":"2023-03-21T11:20:25","date_gmt":"2023-03-21T11:20:25","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=22312"},"modified":"2023-03-22T07:20:07","modified_gmt":"2023-03-22T07:20:07","slug":"sale-of-smartphones-to-increase-in-gcc","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/03\/21\/sale-of-smartphones-to-increase-in-gcc\/","title":{"rendered":"Sale of smartphones to increase in GCC"},"content":{"rendered":"
This will amount to a six per cent growth in the number of smartphones sold, Canalys said.<\/p>\n Saudi Arabia, which is the largest market in the region, will experience a nine per cent expansion, thanks to an increase in foreign direct investments.<\/p>\n A shift from a conservative to an open economy has also helped, Canalys said.<\/p>\n The UAE’s smartphone market is anticipated to expand by six per cent as a result of the nation’s rapid growth in non-oil sectors like real estate, tourism, and trade.<\/p>\n Kuwait and Qatar are predicted to witness a slight growth, in line with the rising oil prices and the Fifa World Cup<\/a> last year, which boosted travel and retail sales.<\/p>\n Demand for smartphones globally had dwindled in 2022, slowing by 12 per cent.<\/p>\n This translated to a 0.8 per cent quarter-on-quarter decline in the GCC.<\/p>\n In terms of value, the GCC smartphone market was worth $2.09 billion in Q4 2021, a decrease of 4.5 per cent QoQ, while the feature phone market totaled $11.16 million, down 25.9 per cent.<\/p>\n
\n40.4 million smartphone<\/a> units will be sold in the Middle East this year, a report by Canalys Research showed.<\/p>\n