The Egyptian mobile market is suffering from the effects of the flotation of the Egyptian pound and the devaluation of the national currency against the US dollar, which hiked the prices of mobile phones. Although the market suffers from economic conditions and high rates of inflation, mobile manufacturers still see promising opportunities for growth in the Egyptian market. This comes along the trend of many Chinese companies to expand in the Egyptian market. The latest of these companies is Xiaomi, which entered the Egyptian market this year. A recent report by GFK stated that sales in the Egyptian mobile market are expected to drop to 10 million devices this year, down from 12 million in 2016.

Source: Daily News Egypt June 05, 2017 06:11 UTC