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FINANCIAL NEWS
MidEast cellphone sales jump 31.5% in Q1
05 Jun 2010
(MENAFN) Mobile phone sales to end users in the Middle East and Africa region (MEA) totaled 34.41 million units in the first quarter of 2010, a 31.53 percent increase from the same period in 2009 to 26.16 million, according to an industry expert.
Out of the total units, smartphone sales reached 3.4 million, an increase of 29.92 percent compared to 2.7 million during the same period last year, as mobile e-mail, rich messaging and social networking continue to drive demand for smartphones across the region.
Smartphones accounted for 9.88 percent of all mobile handset sales in the first quarter of 2010, the expert said.
Nokia remained the leader in the region with 23.27 million units, registering a year-on-year growth of more than 51 percent, followed by Samsung with 5.62 million units, registering a growth of more than seven per cent, LG with 1.75 million, registering a negative growth of 6.08 percent, Sony Ericsson with 1.17 million, registering a negative growth of 21.75 percent.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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