Mobile Device Companies
As an entrepreneur and a business owner, your major aim is to file sort out for the future trends of your business. The growth of Mobile smart phones in the last 5 years has been on a very high level. In smart phone sales report from Business Insider.
“Annual sales of smart in North America and Europe will be nearly flat for the next five years while the market in Asia will keep expanding as consumers replace feature phones with smartphones. Sub-Sahara Africa and Latin America will also see some growth”
Also, In the 2016 Smartphone global Report based on sales, It is expected the smartphone global market to slow considerably over the next five years.
This is following the fact the sales volume is dropping on the United States, Europe and China where first time buying is shrinking away and sales from phone upgrades in on the increase. India and Indonesia on the other hand will continue to see a large shipment growth which will help support the large share of shipment over the next few years.
In the smart phone 2021 forecast, there will be slow price/growth reflection and will stabilize at the long term. Just note that;
- The global smartphone market is still growing at a steady pace due to more widespread adoption in emerging markets. It’s estimated that the global market will hit about 2.1 billion units shipped by 2021.
- With relatively low smartphone penetration, it’s likely that Indian smartphone shipment to grow rapidly over the next five years. Nevertheless, India has a long way to go before it surpasses China as the world’s leading market for smart handsets. India is estimated to account for about 10% of the global smartphone market in 2016, considerably less than China’s 30% share.
- The global platform wars are over, even as smartphone adoption continues to grow across various smartphone markets worldwide. Android and iOS are estimated to account for 97.3% of global platform market share in 2015, compared to 96.3% last year with just 1% difference.
- Shipments growth over the past few years has been powered by the steady falling price of smartphones, which has made handsets and other mobile devices more accessible in emerging markets. The average selling price of a smartphone in India nearly halved between 2010 and 2015.
- Apple closed the year 2015 with another strong quarter on the back of its iPhone 6s and iPhone 6s Plus launches. Yet, vendors saw a slight decline in YoY growth of its share of the market in the face of very stiff competition coming from Samsung and Chinese vendors such as Huawei.
A report from Tech Product, has it that “Tecno and Apple boosted a combined market share of 55% of Africa’s smartphone shipment in the first quarter of 2015.”
Related: The Tech Internet of Things
It also has it that “The IDC data showed that 45.1% of the smartphones shipped across Africa in the first quarter of 2015 were priced well below $100 with only 75% under under $200 which mean tecno with their less priced devices had a relative upper hand in the market.”
What this means is that if a smartphone manufacturing company is to be set up in Africa, It will help reduce the current high price of the product making it affordable for the tons of millions of potential buyers in Africa.
Tecno mobile is one of the largest Tech giants in Africa with to about 40% smartphone users. The company is existing only in Africa carrying with Nigeria, as the top users by country.
Tecno Mobile on the Other hand is one of the fastest selling mobile devices in Africa since 2013 after Blackberry messenger was introduced to the smart phone.
6 Reasons Why Mobile Device Companies Should Consider Africa Now
- There are no and very little if they is any mobile/smartphone production company in Africa.
- Investing in and setting up production plant in Africa will reduce production cost since the raw materials are already available in Africa.
- I will be cost effective since the difference in exchange rate between Dollar/pounds/Euro and most African currencies is very big (this will reduce cost of labour and transportation
- When you talk about the market, Africa can never in any way fail.
- Due to the fact that production cost will be minimized, profit will be maximized at a very good market price regardless of the competition.
- More business opportunities will be spiced up as investor will tend to go into deal with production companies, reducing the business risk and maximizing potential product promoters