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Huawei and Lenovo growing rapidly in Middle East markets

: Monday, August 04 - 2014 @ 09:32

Analysts at the International Data Corporation (IDC) said reported that Chinese smartphone makers Huawei and Lenovo are growing rapidly in the Middle East as cheap, good quality handsets prove popular with the region’s consumers, The National reported. Data from IDC shows that 295.3 million smartphones shipped globally in the second quarter, a new record, as the market grew 23.1% on the year. Shipments are expected to surpass 300 million for the third quarter, IDC said. Most retail markets with higher average spending – such as the UAE and Saudi Arabia – are near saturation in terms of high-cost devices such as the Apple iPhone 5. So manufacturers are now seeking to sell phones to larger segments of the population, according to Melissa Chau, a senior research manager at IDC. Consumers in the UAE and Saudi Arabia are increasingly seeking low-cost smartphones as second phones.

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Monday, August 4- 2014 @ 9:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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