Ramadan told Daily News Egypt that the mobile market is suffering from a complete stagnation due to the doubling of the price of mobile phones, in addition to the lack of supply of mobile devices. Mobile phone sales in Egypt recorded more than 15 million phones in 2021, according to the research institution GFK, compared to 13.3 million phones in 2020. In September, the Chinese company, OPPO, announced its intention to establish a mobile factory in Egypt, with investments of $30m and a production capacity of 4.5 million phones annually. Samsung manufactures some of its mobile devices in its factory in Beni Suef for a trial period. For his part, a source in the mobile market said that the market is suffering because of the inability to provide mobile devices due to the suspension of imports.

Source: Daily News Egypt December 23, 2022 21:04 UTC