Categories
Brief

China smartphone sales make up over 70% of Russian market

Chinese smartphones made up more than 70% of the Russian market in the first quarter of 2023, consumer electronics retailer M.Video-Eldorado said, up from around 50% last year, reports Reuters. China’s smartphone surge comes after Samsung and Apple both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi and Realme now occupying the market’s top two spots.

Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more Chinese-branded cars as Western automakers leave Russia.

Apple and Samsung have dropped to third and fourth spot respectively, from first and third in 2022, Russia’s leading consumer electronics retailer M.Video said.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading