Technology – Daily News Egypt https://dailynewsegypt.com Egypt’s Only Daily Independent Newspaper In English Fri, 20 Apr 2018 19:29:30 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 PayMe targets collecting EGP 20m by end-2018 https://dailynewsegypt.com/2018/04/18/payme-targets-collecting-egp-20m-end-2018/ https://dailynewsegypt.com/2018/04/18/payme-targets-collecting-egp-20m-end-2018/#respond Wed, 18 Apr 2018 16:18:24 +0000 https://www.dailynewsegypt.com/?p=657328 We are negotiating with four investors to sell 10% of company’s shares for EGP 5m says El-Ashry

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PayMe for e-payments is targeting collections worth EGP 20m by the end of this year, as well as contracting with 1,000 traders. It is also negotiating with four investors to sell 10% of its shares for EGP 5m. It is planning to offer e-payment services to food companies by the end of 2018.

Mourad El-Ashry, the CEO of the company, said that PayMe was established in early 2016 and began its operations in June 2017. The aim of establishing it was to offer e-payment services through mobile phones.

“Throughout 10 months of work, up until now, contracting took place with 150 traders from small and medium enterprises (SMEs). Their services are offered to 6,000 clients,” El-Ashry added. He expected the number to increase to 1,000 by the end of this year.

El-Ashry also pointed out that the companies PayMe aims to serve are in the fields of education, tourism, and software. He explained that the total collections by the company were estimated to be nearly EGP 2m. The amount is planned to be taken to EGP 20m by the end of 2018, coinciding with the increase of the number of traders, a wider geographical presence, and food companies joining the payments system.   

Moreover, he said that PayMe targets EGP 1m worth of monthly transactions in the coming period, while its current operations now stand at EGP 400,000.

El-Ashry pointed out that his company obtained a license to provide mobile payment services from the Central Bank of Egypt (CBE), and at the beginning of its work signed a partnership with the National Bank of Egypt (NBE) to facilitate payment operations for traders and customers who contract with them.

He added that PayMe offers a range of services and products, including the ability to make payments online via mobiles or the company’s website.

He explained that its platform enables clients to use PayMe Store, which is designed to receive payments from clients via the internet, without the need for a website, apps, extra costs, or special agreements.

He stressed that the PayMe app allows clients to pay instantly without using their credit cards. It also allows retail companies to receive digital transactions without the need for scanning QR codes.

In another context, El-Ashry said that the company is negotiating with four investors, including banks and private companies, to attract about EGP 5m in exchange for a 10% stake of the company.

He pointed out that the market value of his company has reached EGP 50m, adding that 10% is a solid share, as the company will turn into an Egyptian joint stock company with the implementation of the acquisition.

Moreover, he noted that the emergence of new companies working in the field of electronic payments is possible as a result of increasing rates of growth across that market, along with the increased size of electronic transactions and collections via mobile, credit cards, and merchants.

He added that the strategic plan of the company during the coming period is to provide technological solutions for electronic payment beyond entertainment products.

El-Ashry expected a leap in the digital payments sector in 2018 and 2019, as payments via credit cards are growing.

He pointed out that 70% of their clients pay via credit cards and 30% in cash.

Further, he noted that the National Council of Payments will support the electronic payments market in the coming years, as it will provide legislation to serve this sector and provide more employment opportunities.

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Etisalat adds 1.1m customers at expense of Orange, Vodafone https://dailynewsegypt.com/2018/04/18/etisalat-adds-1-1m-customers-expense-orange-vodafone/ https://dailynewsegypt.com/2018/04/18/etisalat-adds-1-1m-customers-expense-orange-vodafone/#respond Wed, 18 Apr 2018 16:05:27 +0000 https://www.dailynewsegypt.com/?p=657323 Mobile market adds 56,000 new subscribers in January 2018

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The mobile market added 56,100 new subscribers in January to take the number of mobile phone subscribers from 101.2 million in December 2017 to 101.3 million in January.

According to a report issued by the Ministry of Telecommunications and Information Technology, Etisalat Misr managed to achieve a noticeable growth in the number of its customers, at the expense of its rivals.

Etisalat added over 1.14 million new customers in January, taking the number of its customer from 22.68 million in December to 23.8 million in January 2018.

According to the report, Vodafone faced the most losses in January, as it lost nearly 734,000 users, causing the number of its customers to decline from 44.4 million in December to 43.7 million in January 2018.

On the other hand, Orange lost about 351,000 customers in January, becoming the second company in the mobile market with the largest losses in January. The number of subscribers in Orange declined to 33.7 million compared to 34.1 million in December 2017.

The internet market added 6.4 million customers in December, as the total number of internet users increased from 34.9 million in November 2017 to reach 41.3 million in December.

The growth of the number of internet users through mobile phones increased by 23.3%, increasing from 26.6 million in November to 32.8 million in December 2017.

Meanwhile, the number of internet users through USB modem slightly increased from 3.2 million in November, to reach 3.3 million in December 2017.

The number of ADSL internet users increased by 1.7% in December, from 5.1 million in November to 5.2 million.

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Oppo reveals F7 specs ahead of launch https://dailynewsegypt.com/2018/04/18/oppo-reveals-f7-specs-ahead-launch/ https://dailynewsegypt.com/2018/04/18/oppo-reveals-f7-specs-ahead-launch/#respond Wed, 18 Apr 2018 08:30:54 +0000 https://www.dailynewsegypt.com/?p=657243 Oppo Electronics Corporation is set to launch its F7 smartphone in the Egyptian market within a few months. The F7 will feature a 25 MP camera on the front and a 16 MP camera on the back. The company said that the new phone will be able to snap better selfies via AI Beauty 2.0—a …

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Oppo Electronics Corporation is set to launch its F7 smartphone in the Egyptian market within a few months.

The F7 will feature a 25 MP camera on the front and a 16 MP camera on the back. The company said that the new phone will be able to snap better selfies via AI Beauty 2.0—a beauty effect system capable of scanning up to 296 facial points to alter the age and look of the subject. It also supports high dynamic range (HDR) that adjusts the brightness and clarity of images taken in daylight or shadows.

The Oppo F7 will also feature a notch on top of the display, which Oppo calls “super full screen.”

It has a 6.23-inch FHD+ display with a 19:9 aspect ratio and a resolution of 2280×1080 pixels.

It has sleek bezels on the side and top giving it an 88% screen-to-body ratio.

The phone has an all metal body and weighs 158 grams.

The F7 does not only rely on artificial intelligence to take better selfies,  but also to improve the overall performance of the device.

Oppo says its new AI-powered system is 20% better than the first-generation technology it introduced with the F5.

F7’s camera also comes with Vivid mode and AR (augmented reality) stickers. On the rear, it has a 16 MP camera with f1.8 aperture, LED flash, and has AI features such as intelligent subject and scene detection.

Other features include a dual SIM slot, dedicated microSD slot for expandable storage, rear fingerprint scanner, facial recognition unlocking, 4G, VoLTE, Bluetooth 4.2, and Colour OS 5.0, based on Android 8.1.

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Egyptians’ smartphone screen preferences https://dailynewsegypt.com/2018/04/18/egyptians-smartphone-screen-preferences/ https://dailynewsegypt.com/2018/04/18/egyptians-smartphone-screen-preferences/#respond Wed, 18 Apr 2018 08:00:53 +0000 https://www.dailynewsegypt.com/?p=657169 Specifications of smartphones vary based on their price segment. Each price segment has specifications different from the other, such as the screen size and accuracy, in addition to the processor, the RAM size, the camera, and even colours. The resolution of smartphone screens vary between 360×640 and 1366×768 pixels. A report issued by StatCounter shows …

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Specifications of smartphones vary based on their price segment. Each price segment has specifications different from the other, such as the screen size and accuracy, in addition to the processor, the RAM size, the camera, and even colours.

The resolution of smartphone screens vary between 360×640 and 1366×768 pixels. A report issued by StatCounter shows the most favoured smartphone screens preferred by Egyptians in March 2018. 

In first place came smartphones with a screen resolution of 360×640, taking over 17.23% of the total number of smartphones in Egypt in March, becoming the most popular amongst smartphone users in the country.

In second place came screens with of 1366×768 pixels, taking up a market share of 16.6%.

In third place came smartphones with a screen resolution of 1024×762, with a 6.9% market share in March, compared to a 7% market share in February.

In fourth place came screens with a resolution of 1920×1080, with a 6% market share in March, compared to 10.9% in February.

Smartphones with screens of 1280×1024 pixels came fifth, with a 5.3% market share.

534×320 resolution screens came in sixth place, with a 4.3% market share, according to the StatCounter report.

As for screens with an resolution of 720×1280 pixels, they came seventh, with a market share of 3.5%.

In eighth place came screens with of 480×800 resolution, with a 2.5% market share, followed by 900×1600 pixels screens in ninth place, with a 2.1% market share.

Phones with a screen resolution of 320×570 came in 10th, with a 1.25% market share. In last place came phones with 1360×768 pixels screens, with a 1% market share.

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B2C e-commerce trade volume to reach $3bn by 2019/2020: AT Kearney https://dailynewsegypt.com/2018/04/18/b2c-e-commerce-trade-volume-reach-3bn-2019-2020-kearney/ https://dailynewsegypt.com/2018/04/18/b2c-e-commerce-trade-volume-reach-3bn-2019-2020-kearney/#respond Wed, 18 Apr 2018 07:30:13 +0000 https://www.dailynewsegypt.com/?p=657225 An AT Kearney report showed that by 2019/2020, predicted business process outsourcing (BPO), business-to-business (B2B) e-commerce activities, along with business-to-consumer (B2C) e-commerce trade, can add up to almost $3bn, realising a return at 2.35% of GDP. B2C e-commerce activities in Egypt were estimated to have reached $544m in 2015/2016. This forms approximately 0.4% of total …

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An AT Kearney report showed that by 2019/2020, predicted business process outsourcing (BPO), business-to-business (B2B) e-commerce activities, along with business-to-consumer (B2C) e-commerce trade, can add up to almost $3bn, realising a return at 2.35% of GDP.

B2C e-commerce activities in Egypt were estimated to have reached $544m in 2015/2016. This forms approximately 0.4% of total retail sales, in the country which amounted to $133bn, according to an AT Kearney report released in 2016. This makes B2C e-commerce’s ratio to GDP in 2015/2016 equal to 0.2%. Experts estimate that B2C e-commerce activities grow by 35% on an annual basis.

Performing a forecast for the year 2019/2020, it is estimated that Egypt will realise around EGP 2.367tn of the country’s fixed GDP by that time. This is estimated to be $127bn using a pilot dollar price.

Applying the estimation that B2C e-commerce trade value in Egypt will constantly grow by 35% with a steadily increased demand on e-commerce products and services, B2C e-commerce value can be predicted to be $1.93bn and reach a ratio of 1.52% of GDP by 2019/2020.

Moreover, the report noted that in 2015, exports in the IT-enabled outsourcing industry had reached $1.6bn broken down by BPO, IT outsourcing (ITO), and knowledge process outsourcing (KPO). The BPO industry was estimated to be around $760m in 2015. Meanwhile, the KPO industry amounted to an estimated $180m according to local industry experts, and ITO exports were approximately $660m. The BPO operations use internet infrastructure, which classifies it as a form of B2B e-commerce and enables crude estimates.

Moreover, the BPO industry is forecasted to reach around $1.05bn by 2019/2020 and to reach a ratio of about 0.8% to GDP, given the above-mentioned forecasted GDP growth rate.

Given the limited information, it should be noted that the above figures are calculated based on B2B and B2C operations in Egypt and are subject to change.

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Raya expands call centre activity, looks to hire 1,000 persons https://dailynewsegypt.com/2018/04/18/raya-expands-call-centre-activity-looks-hire-1000-persons/ https://dailynewsegypt.com/2018/04/18/raya-expands-call-centre-activity-looks-hire-1000-persons/#respond Wed, 18 Apr 2018 07:00:33 +0000 https://www.dailynewsegypt.com/?p=657235 Investment environment has improved, but some ministries were dedicated only for publicity, advertising, Khalil says

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Raya Holding for Financial Investments plans to expand its call centre activity in the Saudi Arabian and UAE markets over the upcoming period. The company has recently increased its investments in a data centre company by doubling the area of its data centres.

According to Medhat Khalil, the company’s managing director and chairperson, in an interview with Daily News Egypt, Raya Holding aims to recruit 1,000 persons by the end of this year.

What are your plans for the upcoming period?

We have a target to be an effective and a strong player in the Egyptian economy. Currently, we have over 13,000 workers, and we aim to take this number up to 20,000.

You had plans to manufacture air conditioning systems in Egypt for a specific brand. Where does this plan stand at the moment?

We are still studying this aspect and we have not made a final decision about it. However, there are negotiations with the brand we target manufacturing for.

What about the situation of the call centre activity as one of Raya Holding’s most important investments?

We are the largest call centre company in the Middle East. We have about 11,000 persons working in this field, and over eight call centres in Egypt, in Cairo and Hurghada. We also have call centres in Dubai and Poland.

Over the upcoming period, we will work to further expand in the call centre activity, and we plan to hire about 1,000 more people throughout 2018. We also plan to expand this specific activity in Saudi Arabia.

What about the data centre activity?

We were one of the first companies to inject investments into the activity of data centres. Currently, we have a large data centre located on an area of 300 sqm. Over the past few days, we doubled the size of the data centre to take it to 600 sqm.

Is there a plan to offer new Raya companies on the EGX?

Raya Holding’s policy relies on listing companies on the Egyptian Exchange (EGX). The larger these companies become, in a way, that is convenient.

Currently, we have large companies whose shares could be launched on the EGX. They are Raya Trade and Raya Information Technology.

What is the value of the company’s investments this year?

I am not able to reveal figures for this year. However, in 2017, our investments reached EGP 500m.

We have not seen any expansions made by you in the telecommunications sector. What is the reason for this?

We are one of the most important information technology companies in Egypt, and the first Egyptian company in the sector. Mainly, we are a technology company. We do not mean to withdraw from the sector just because we have not injected investments into it over the past period.

Unfortunately, there are no promising opportunities currently existent in the sector, hence, we try to push our investments in the sector of information technology. The government sector is seeing a recession and its investments are almost non-existent.

Has the diversity in the sectors you are active in helped you survive the slowdown in the telecommunications and information technology sector?

Certainly. During the period that followed the January 2011 revolution, there was a state of recession in the sector of telecommunications and information technology. It resulted in many companies shutting down, but thanks to the diversity of our investments and having a large segment of our clients live outside Egypt, we were able to survive these circumstances.

Will you continue to adopt this strategy in the future?

Our strategy relies on seeking investment opportunities that are in line with our strategy and the state’s strategy, which mainly aims to generate jobs and increase exports.

Are there expansion plans for the upcoming period?

We are moving steadily in the UAE market, and we have more than 400 people working at the company’s call centre in Dubai.

As for the Saudi Arabian market, it is strategic and important for us. We are also achieving good growth rates in the services of information technology and call centres. Moreover, we have major investments in Nigeria and over 400 employees in the Nigerian cities Lagos and Abuja.

Currently, we have an investment partnership in the largest coffee bean factory in Uganda, so we expect strong growth from the market of Uganda over the upcoming period.

Do you have plans to establish an investment fund for startups?

We have many startups offered before us, but we will not be establishing an investment fund for the sector, although we might start investing into them directly as Raya Holding. Currently, we are studying several companies to look into the mechanisms of acquiring one of them or investing in them.

What is your opinion on the reform measures of the investment climate?

The investment climate was improved well and flexible laws were passed to attract investments. However, there is still a need for activating the roles of ministries on a wider scale. Some ministries were dedicated only to advertising and publicity.

What is the dollar price in your budget?

The dollar will remain stable this year. The interest rate, however, will decline by 2-3%.

Which of Raya’s affiliates had the largest share of Raya Holding’s profits?

Over the past two years, the call centre and information technology companies were the most growing in the group. They have both earned around EGP 220m of the company’s total profits, with EGP 160m made by the call centre company and EGP 60m by the information technology company.

Raya Holding is always looking for new investment opportunities. Are there any sectors you plan to inject investments into?

Raya Holding has turned into a financial investment company, so we are looking for any promising investment opportunities in the sector. Recently, we entered into a partnership with the Italian company Piaggio to manufacture and assemble light transportation vehicles in Egypt, with investments worth over EGP 100m.

Our strategy for investment opportunities relies mainly on focusing on ones that depend on large workforces, such as call centres and manufacturing, as well as investment opportunities that could be exported from Egypt.

Are there specific sectors you will be injecting new investments in?

We are focusing on the food industries sector, and recently, we injected investments into a factory to freeze fruits and vegetables in the city of Sadat with investments over EGP 200m. We also export its products.

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12.5% ICT sector contribution to GDP https://dailynewsegypt.com/2018/04/17/12-5-ict-sector-contribution-gdp/ https://dailynewsegypt.com/2018/04/17/12-5-ict-sector-contribution-gdp/#respond Tue, 17 Apr 2018 17:55:35 +0000 https://www.dailynewsegypt.com/?p=657208 The growth rate of the Information and Communications Technology sector in FY 2016/2017 is among the highest rates among macroeconomic sectors. The contribution of the ICT sector to GDP was high, at 12.5%, in FY 2016/2017, increasing from 8.3% in FY 2015/2016. The gross domestic product (GDP) of the ICT sector increased from EGP 57bn …

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The growth rate of the Information and Communications Technology sector in FY 2016/2017 is among the highest rates among macroeconomic sectors.

The contribution of the ICT sector to GDP was high, at 12.5%, in FY 2016/2017, increasing from 8.3% in FY 2015/2016.

The gross domestic product (GDP) of the ICT sector increased from EGP 57bn in FY 2015/2016 to EGP 64bn in FY 2016/2017.

The number of mobile users in Egypt increased from 100.7 million in November to 101.3 million in December, marking a growth of 0.6%.

Meanwhile, the internet market saw 6.4 million new users in the same period, growing from 34.9 million in November to 41.3 million in December.

The growth in mobile internet users contributed to the increase in total number of internet users, as mobile internet users increased by 23.3%.

The user base of mobile internet increased from 26.6 million in November to 32.8 million in December 2017.

In addition, USB modem users increased slightly from 3.2 million in November to 3.3 million in December.

Similarly, ADSL users also increased by 1.7% in December, rising from 5.1 million in November to 5.2 million in December.

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Brantu to officially launch e-commerce website elprices end-October https://dailynewsegypt.com/2018/04/15/brantu-officially-launch-e-commerce-website-elprices-end-october/ https://dailynewsegypt.com/2018/04/15/brantu-officially-launch-e-commerce-website-elprices-end-october/#respond Sun, 15 Apr 2018 18:43:37 +0000 https://www.dailynewsegypt.com/?p=657034 Our investments in Egypt are about $1.2m, says CEO

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Mohamed Rizk, founder and CEO of Swedish company Brantu, said that his company will officially launch its e-commerce website elprices at the end of October 2018, after testing its price comparison services, scheduled to be complete by April.

Rizk told Daily News Egypt that Brantu is investing $1.2m in the Egyptian market, adding, “we began our startup project less than one year ago. Our business is remarkably growing.”

“Recently, we had a visit from our Chairperson Carl-Henric Nillson and board members Alexander Jöndall, Rasmus Nerval, and Robert Granström to discuss the future of startups in Egypt and we were invited on the same day to the embassy by Jan Thesleff, the Swedish ambassador to Egypt, in continuation of the embassy’s efforts to support burgeoning e-commerce ventures in Egypt,” said Rizk.

Rizk mentioned that elprices gained a lot of traction and positive feedback from both sellers and buyers during its soft launch, noting, “[we] are optimistic that the grand launch will reap great success due to our defining element: not only will we include online stores, we are also including physical stores around Egypt, aiming to create the biggest online database for Egyptian market offerings.”

Brantu is one of several Swedish and Sweden-based companies operating in Egypt, said Rizk, representing Sweden’s global commitment to sustainable development, entrepreneurship, creative industries, and knowledge-sharing in Egypt.

“I believe that Swedish companies are known for their strong entrepreneurial culture as the leading country for innovation among EU member states,” added Rizk, noting that Sweden is keen to strengthen sustainable business models between Egypt and Sweden in an attempt to promote understanding and garner strong, long-term relationships between the two countries.

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Mobile service subscribers grew 1.8% in Q4 2017 https://dailynewsegypt.com/2018/04/15/mobile-service-subscribers-grew-1-8-q4-2017/ https://dailynewsegypt.com/2018/04/15/mobile-service-subscribers-grew-1-8-q4-2017/#respond Sun, 15 Apr 2018 15:11:53 +0000 https://www.dailynewsegypt.com/?p=657004 ADSL clients up by 5%

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Mobile service subscribers increased during the fourth quarter (Q4) of 2017 to 101.3 million subscribers, compared with 99.4 million in Q3 last year, an increase of 1.8%.

According to a report by the Ministry of Communications and Information Technology, the ratio of mobile subscriptions against population scored 111.6% in Q4 last year, compared to 110% in Q3.

Meanwhile, landline subscribers increased by 1% in the same period.


The number of landline users increased from 6.5 million in Q3 to 6.6 million in Q4.

Landline penetration scored 6.9% against population, up slightly from 6.8% in Q3.

The report showed that mobile internet users increased slightly by 0.1% in the reporting period.


Mobile internet users increased from 32.7 million in Q3 2017 to 32.8 million in Q4 2017.

The report pointed out that the USB modem internet users base was unchanged at 3.3 million users.

The number of high-speed ADSL users increased by 5%, rising from 4.9 million in Q3 to 5.2 million in Q4.

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Egypt’s smartphone brand market shares for March https://dailynewsegypt.com/2018/04/14/egypts-smartphone-brand-market-shares-march/ https://dailynewsegypt.com/2018/04/14/egypts-smartphone-brand-market-shares-march/#respond Sat, 14 Apr 2018 18:50:10 +0000 https://www.dailynewsegypt.com/?p=656925 Samsung’s dominance of the smartphone market continued in March, taking the largest share of. The company also increased its market share of sales by 4% month-over-month. According to StatCounter, Samsung’s market share of total mobile market sales in Egypt increased from 39% in February to 43% in March. Samsung continued to be at the forefront …

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Samsung’s dominance of the smartphone market continued in March, taking the largest share of. The company also increased its market share of sales by 4% month-over-month.

According to StatCounter, Samsung’s market share of total mobile market sales in Egypt increased from 39% in February to 43% in March.

Samsung continued to be at the forefront of Egypt’s smartphone brands in terms of market share for March 2018 sales.

Huawei retained second place despite its market share falling by 1%. The company’s market share of mobile sales in Egypt fell to 13% from 14% in February.

Apple ranked third in terms of market share of smartphone sales in Egypt, despite the sharp decline in sales in March. iPhone sales fell 13.7% in February to 10.7% in March, with Apple losing about 2% of its market share in a month.

Lenovo came in fourth on the list in terms of market share of smartphone sales. Its market share declined slightly in March to 7.2% from 7.4% in February.

In fifth place came Infinix, although its share fell slightly in March to 4.5% from 5% in February 2018.

HTC came in the sixth spot, marking a slight increase in market share in March, rising from 3% in February to 3.5% at the end of March.

Tecno Mobile came seventh in terms of market share and maintained almost the same level from February, with an almost negligible increase. According to the report, the market share of Tecno Mobile in Egypt increased from 2.2% in February to 2.3% in March 2018.

Nokia continued to rank eighth on the list, with its market share falling from 1.7% in February to 1.5% at the end of March 2018.

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Africa is our top priority: Transsion Holdings vice chairperson https://dailynewsegypt.com/2018/04/11/africa-top-priority-transsion-holdings-vice-chairperson/ https://dailynewsegypt.com/2018/04/11/africa-top-priority-transsion-holdings-vice-chairperson/#respond Wed, 11 Apr 2018 08:30:21 +0000 https://www.dailynewsegypt.com/?p=656591 Andy Yan, vice chairperson of Transsion Holdings, the owner company of Tecno Mobile, said that the African market is his company’s top priority and is expected to be a launchpad for the rest of the world. “Nearly 10 years ago, we started injecting investments [in Africa], and we always look at the markets of middle …

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Andy Yan, vice chairperson of Transsion Holdings, the owner company of Tecno Mobile, said that the African market is his company’s top priority and is expected to be a launchpad for the rest of the world.

“Nearly 10 years ago, we started injecting investments [in Africa], and we always look at the markets of middle and west Africa in a special way given their promising growth opportunities,” Yan said.

Ghana and Ivory Coast are two of the most important markets for Tecno Mobile, according to Yan. He added that the Nigerian market is deemed the largest in the continent as its population nears 200 million people.

As for competition in the Egyptian market, he said that the company’s situation in Egypt is relatively complex compared to other markets because there are many top brands in the mobile industry. “We consider the Egyptian market the most important in the Middle East and North Africa, though,” Yan noted.

He added that his company has a wide base of products that suit all users and price segments. The company also has strong partnerships with a number of major companies in Egypt.

His remarks came on the sidelines of the celebration held by Tecno Mobile to launch a new series of its phones, which included Camon X, Camon X Pro, F1, and F2. The celebration was held in the Nigerian capital Lagos.

Samsung’s market share in terms of mobile phone sales in Egypt declined to 39% in February from 40.5% in January 2018, but it remains the largest company in terms of market share of mobile sales in Egypt.

According to a report by StatCounter, Samsung’s market share declined in February by 1.5% compared to January 2018.

Huawei continued to reduce the gap between it and Samsung and increased its sales in Egypt to 14.1% in February compared to 13.9% in January, achieving a slight increase in its sales.

iPhones had the fastest-growing sales in February, as Apple managed to increase its iPhone sales in Egypt by 3.4%.

According to the report, the market share of iPhone in Egypt increased 13.8% in February compared to 10.4% in January.

Lenovo was still fourth in terms of mobile market share in Egypt in February, despite a decline of 1%, as its market share fell from 8.3% in January to 7.3% in February.

The Chinese rband Infinix was able to maintain its strong performance from last year, and kept a market share of 5% in February compared to 5.1% in January, making Infinix fifth in terms of market share.

The report showed a decline in HTC’s market share in February by 0.5%, falling from 3.5% in January to 3% last month.

Tecno Mobile, Inifinix’s big brother, maintained its performance, as it managed to keep its market share in terms of mobile sales at 2.2%.

Nokia phones are also keeping steady rates, maintaining 2.2% market share in January and February.

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VoxEra offers new solution to high roaming charges https://dailynewsegypt.com/2018/04/11/voxera-offers-new-solution-high-roaming-charges/ https://dailynewsegypt.com/2018/04/11/voxera-offers-new-solution-high-roaming-charges/#respond Wed, 11 Apr 2018 08:00:47 +0000 https://www.dailynewsegypt.com/?p=656585 After a seven-day business trip, Amr Elgbaly, VoxEra founder and CEO, incurred over $500 of roaming charges. As necessity is the mother of invention, Elgbaly did not stop at paying his bill. Instead, he decided to exploit his seven years of experience in VoIP technologies to come up with a new technology. After some tests …

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After a seven-day business trip, Amr Elgbaly, VoxEra founder and CEO, incurred over $500 of roaming charges. As necessity is the mother of invention, Elgbaly did not stop at paying his bill. Instead, he decided to exploit his seven years of experience in VoIP technologies to come up with a new technology. After some tests and experiments, the new solution saw the light and emerged as a new startup, raising funds through a Kickstarter campaign.

Elgbaly does not intend to stop there. Investors are lined up to pour money into the new solution. He expects to collect $1m this round to scale up the company. Within three years, Elgbaly told Daily News Egypt, he plans to list the company on the Egyptian Exchange.

When it was launched, VoxEra was strongly criticised by one of the experts in this domain, Wael Fakhrany (currently the vice president and general manager for Europe, the Middle East, and Africa at Incorta). Despite that criticism, you still have a determination to succeed. Please explain how you can turn the criticism to elements that will eventually help you succeed?

We strongly believe that each initiative, when starting, should be criticised. If not, then you have a problem. People can’t understand and accept new things, ideas, and changes too fast. They should criticise and this is the first generator of your success, as you made something that deserves their criticism. But here comes the second side of the coin; you as an entrepreneur should not feel disappointed or let down, but on the contrary, you should try to understand why you are criticised, how you  can gain lessons for yourself, what is the core meaning of this criticism, and when you accept and filter healthy suggestions and criticism, your way up will be ensured. This is what happened to us, of course you cannot be wise from the start, but you learn during your path and this is great.

How do you describe your company’s prospects of reaching a $1bn value?

This is our target. As the market is so huge, at $48bn and growing rapidly, because of the raising number of travellers, we have the chance to become a $1bn valuation company very soon. The basics and fundamental of each startup is its team; we believe we gathered the right specialists to be part of the team and this is our main value.

We would like you to take us through the ideation process of VoxEra, ie how you came up with the idea, what was the trigger, etc. Moreover, what were the first steps you took to implement it?

The idea came naturally as we felt the pain of paying high roaming charges. After a seven-day business trip in October 2015, I paid more than $500 for using voice roaming. At first, we decided to do some research to find alternatives, but we did not find anything except SkypeOut, Viber Out, and some roaming apps, which did not solve the problem. With over seven years of experience in VoIP technologies, I conducted a few experiments and made the first prototype of VoxEra, which I successfully tested on a few trips of my own. With a seemingly good minimum viable product, we decided to survey our friends who regularly rely on mobile roaming services, and after positive results, we arrived at a decision to convert our idea to a startup.

How are you planning to attract investments for your startup?

We already have offers from investors who are very interested in VoxEra. Our Kickstarter crowdfunding campaign helped us a lot with raising awareness about VoxEra. Now we are working on acquiring the right investments from people who have domain expertise in telecom in the MENA region, the US, the EU, and China. We are contacting investors through various platforms, like f6s or angel.co, and use different tips to attract them. The most important thing in this process is that the investor should be interested in this field and should have an idea about the market and technology.

What is the value of investments that you are aiming to attract?

In this round we are seeking $1m in investments. We have 1,000 customers and now we need funds to attract more customers and to enter new markets.

How would you describe your upcoming participation in the MIT Enterprise Forum Arab Startup Competition?

In fact, it is a pleasure and responsibility to be a part of one of the most influential events not only in the MENA region, but in the whole entrepreneurship ecosystem. We believe MIT will open new doors and opportunities for us. We are so motivated to join this competition and we are sure we will establish important connections during the event.

What are your upcoming plans for VoxEra?

In two weeks we will deliver the product and will step into a fully functioning mode. We will start to sell it through our website, distributor network, partner GigSky, and we will expand our team, hiring more people.

What are the main challenges you have faced so far? How did you overcome them?

The most difficult challenge for us was hardware design, as we changed it a lot, to provide good functionality and high-quality voice. Before you start, everything seems so easy: you will get funds, you will manufacture and ship, and that is it. But believe me, it is not easy at all, especially with a hardware startup, as very small components can destroy all your plans and consume thousands of dollars, nerves, and time. Finally, we passed this stage and we started manufacturing the product.

Do you expect VoxEra to be the first Egyptian company to have a market value equivalent to $1bn?

We will do our best to reach that target.

When will you start selling/providing your solutions to the market/clients?

In two weeks we will ship the device to backers and will start to sell through VoxEra.com and partners.

Are you currently coordinating with telecom operators to improve your solutions?

Until now no, but we grabbed the attention of many telecom operators.

Do you have any plans to list your company on the stock market?

Yes, we hope we can do this within three years.

Do you believe that you will have to resort to Silicon Valley to get funds?

We, like every startup, dream to enter Silicon Valley…and we believe we can grow from there.

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Nigeria awaits initiating agreements with Egypt https://dailynewsegypt.com/2018/04/11/nigeria-awaits-initiating-agreements-egypt/ https://dailynewsegypt.com/2018/04/11/nigeria-awaits-initiating-agreements-egypt/#respond Wed, 11 Apr 2018 07:30:25 +0000 https://www.dailynewsegypt.com/?p=656580 We are open to investors from all over the world, says Nigerian communication technology minister

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Nigerian Minister of Communication Technology Abdur-Raheem Adebayo Shittu told Daily News Egypt that Nigeria currently does not have any cooperation agreements with Egypt because there has been no such invitation by any individual or organisation from the country. “However, we are open to all countries and all new initiatives,” he stressed, adding that Nigeria is willing to consider any new proposal from any company from any country.

Shittu said that Nigeria currently lacks sufficient infrastructure development in its information and communication technology (ICT) sector.

“We are open to investors from all over the world. We want investors in lining of optic fibre laying to improve broadband activity. We also want establishments for the production of cables, fibre optics, handsets, and all ICT devices, since Nigeria is the largest ICT market in Africa,” he explained.

Nigeria leads its regional peers in terms of ICT penetration and development. In a recent publication, Lagos, Nigeria was declared set to overtake Nairobi, Kenya as Africa’s startup capital. Nigeria boasts many e-commerce startups like Konga, Jumia, Andela, irokotv, Farmcrowdy, and Flutterwave. News like this can be attributed to the establishment of such investments as Yabacon Valley and the $360m investments in African tech, of which Nigeria received about $109m, amongst other factors. This indicates an increase in investor interest within the Nigerian tech space.

Irrespective of its clear potential, the local market is taking some hits. The ICT infrastructure, which is essential for the development of high-value services and successful tech companies, remains poor in terms of coverage, quality, and price. The economic landscape has led to reduced expenditure on ICT and an increase in costs.

According to the director general of the National Information Technology Development Agency (NITDA), Isa Pantami, over NGN 720bn is estimated to be leaving Nigeria’s economy annually through the importation of IT equipment, solutions, and services; the National Office for Technology Acquisition and Promotion (NOTAP) had recently released statistics declaring that 90% of IT products and services being used in the banking industry, for instance, are foreign while local vendors are left unpatronised.

In addition, while many countries, especially developed ones, are gearing up for the 5G evolution, many African countries, including Nigeria, are just embracing 4G. Still, many Nigerians continue to prefer 3G services.

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Tecno Mobile acquires 7% of mobile sales in Egypt https://dailynewsegypt.com/2018/04/11/tecno-mobile-acquires-7-mobile-sales-egypt/ https://dailynewsegypt.com/2018/04/11/tecno-mobile-acquires-7-mobile-sales-egypt/#respond Wed, 11 Apr 2018 07:00:42 +0000 https://www.dailynewsegypt.com/?p=656566 Tecno Mobile acquired a market share of about 7% in Egypt at the end of 2017, the company’s marketing department director, Mahmoud Taha, said. He expected that Tecno’s sales will witness growth in the next period, supported by the company’s new partnerships with Telecom Egypt and Orange Egypt. Tecno Mobile is a subsidiary of Transsion …

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Tecno Mobile acquired a market share of about 7% in Egypt at the end of 2017, the company’s marketing department director, Mahmoud Taha, said.

He expected that Tecno’s sales will witness growth in the next period, supported by the company’s new partnerships with Telecom Egypt and Orange Egypt.

Tecno Mobile is a subsidiary of Transsion Holdings, which also has the Infinix and itel mobile brands.

Tecno Mobile launched new series of its phones, including Camon X, Camon X Pro, F1, F2, and Pop, in a ceremony held in Lagos, Nigeria a few days ago.

Tecno’s Camon X features a 24-megapixel front camera which provides clearer self-portrait photographs, with some additional features including AI beautification and facial recognition.

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Raya begins light transport vehicles assembly in partnership with Italian Piaggio with EGP 100m investments https://dailynewsegypt.com/2018/04/10/raya-begins-light-transport-vehicles-assembly-partnership-italian-piaggio-egp-100m-investments/ https://dailynewsegypt.com/2018/04/10/raya-begins-light-transport-vehicles-assembly-partnership-italian-piaggio-egp-100m-investments/#respond Tue, 10 Apr 2018 14:29:40 +0000 https://www.dailynewsegypt.com/?p=656622 We aim to increase percentage of local components to 40% within two years, export to Africa

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Raya Holding has begun the assembly of light transport vehicles in cooperation with the Italian company Piaggio, a project with investments worth EGP 100m.

Medhat Khalil, chairperson at Raya Holding, said in a press conference, that his company pays great attention to light transport vehicles, including motorcycles and vehicles with two-tonne loads, especially with the strong growth opportunities in Egypt and Africa, allowing generating jobs for young people, and in line with the government’s goal to create more jobs.

Khalil told Daily News Egypt that the volume of production in the first phase will be 30,000 units annually, aimed to increase within two years to 200,000. “We plan to export to Nigeria, Uganda, and Sudan,” Khalil said. He added that the volume of investments during the first phase is estimated to be EGP 100m.

Piaggio is the largest in the world in this industry, and it is the top manufacturer of motorcycles and tuk-tuks.

“We have a factory in Sixth of October, located on an area of 10,000 sqm. This factory will carry out the assembling process, and within two years, we will deepen Egyptian industry to take the percentage of local components to 40%, and afterwards, exportation to various African markets will begin,” Khalil added.

For his part, Sergio Rubino, vice chairperson at Piaggio, said that the history of the company goes back 130 years in the field of manufacturing light transportation vehicles, thus, the company has enough experience to be part of new experiences in the Egyptian and African market.

“Currently, we have over 170,000 employees, and we believe that the Egyptian market is promising and has many investment opportunities available. About one million Egyptians use light transportations to commute every day,” Rubino said.

Hazem Moghazy, managing director at Aman Financial Services, an affiliate of Raya Holding, said that Raya will be offering various financing programmes to facilitate the purchasing of light vehicles manufactured by Raya. He said that his company currently has 130 branches, aimed to increase to 200 by the end of the year. “We have over 20,000 outlets that we aim to increase to 35,000 by the end of this year. We will also be launching several financing programmes that suit young people, which may be weekly or daily,” he added.

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Belarusian communications minister requests collaboration on Sico’s programme https://dailynewsegypt.com/2018/04/05/belarusian-communications-minister-requests-collaboration-sicos-programme/ https://dailynewsegypt.com/2018/04/05/belarusian-communications-minister-requests-collaboration-sicos-programme/#respond Thu, 05 Apr 2018 10:55:49 +0000 https://www.dailynewsegypt.com/?p=656291 El-Kady received invitation to attend conference in May

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Belarusian Minister of Communications and Informatisation Sergei Popkov said that he was surprised by the Egypt-manufactured mobile phone by Sico, adding, “I had wrong information that Huawei and Samsung dominated the market, so we are really interested in collaborating on the manufacturing programme.”

The minister added, at a press conference organised by the Canadian Egyptian Business Council on Tuesday evening, that the cooperation with Egypt in the IT sector is still at the very beginning, noting, “the political leadership will in both countries encourages boosting relationships, but activating the ideas needs further studies.”

The minister said that his country benefited from working with many Chinese companies in Belarus and can offer expertise to the Egyptian side.

Popkov added that he invited his Egyptian counterpart Yasser El-Kady to attend a conference that will be organised in Belarus from 14-15 May, accompanied by an Egyptian delegation to discuss bilateral cooperation in various areas.

According to a press release by the Egyptian Ministry of Communication and Information Technology on Monday, the Belarusian minister signed an agreement with his Egyptian counterpart in the field of scientific and educational cooperation. Popkov and the delegation that accompanied him conducted a field tour of Smart Village, visiting various Egyptian IT developments.

Popkov said that the national company Beltelecom owns about 85% of the country’s landline market because the private sector finds it difficult to compete in the market. However, foreign and local companies own major shares in mobile companies.

“Some companies hold 100% shares of the mobile companies,” he said, clarifying that four companies operate in the mobile market in Belarus.

Many Russian companies helped modernise the communication market in Belarus and execute implementational plans to develop the market in 2007, added the Belarusian minister.

“The market faced the global crisis with the fewest loses and then developed very well,” said Popkov, adding that many European companies left the Belarusian market, which created an opportunity for the Chinese to enter the market and expand.

Meanwhile, Belarusian minister added that his country may study the possibility of recognising cryptocurrencies in the future, according to global updates, adding, “until now, we deal with the issue carefully and have not recognised the crypto currency yet.”

The minister said that many countries took the suitable decision regarding them, adding that the Japanese government supports cryptocurrencies, while the Chinese government stands against them.

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How much do retailers make selling Oppo F5? https://dailynewsegypt.com/2018/04/04/much-retailers-make-selling-oppo-f5/ https://dailynewsegypt.com/2018/04/04/much-retailers-make-selling-oppo-f5/#respond Wed, 04 Apr 2018 09:00:26 +0000 https://dailynewsegypt.com/?p=656125 Oppo is one of the newest mobile phone companies in the Egyptian market. However, it seems that it has studied the market well and was able to understand its nature and ways of achieving sales and acquiring a market share of smartphone sales in Egypt. Over 80% of the sales in the Egyptian market are …

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Oppo is one of the newest mobile phone companies in the Egyptian market. However, it seems that it has studied the market well and was able to understand its nature and ways of achieving sales and acquiring a market share of smartphone sales in Egypt. Over 80% of the sales in the Egyptian market are carried out through conventional ways managed by mobile retailers.

The shortest route to for these retailers to ensure they are on the company’s side and are able to convince consumers to purchase a phone instead of another is profit margins.

Oppo has realised this and has recently carried out alterations to the prices of some models. Oppo reduced the price of its F5 phone in Egypt to EGP 5,260 instead of EGP 5,500. Retailers obtain these phones for EGP 4,860, which means that the profit made from selling one Oppo F5 is EGP 400.

Retailers also earn a profit of EGP 260 per A71 phone, which has 3 GB RAM and 32 GB internal memory.

The Chinese-made Oppo opened a new centre for technical support and aftersales services in Tanta, several months ago. It is considered the fifth of its kind in Egypt.

The new centre comes within the company’s expansion plan in Egypt, which mainly relies on expansions in governorates to keep up with the increased demand for aftersales services.

Since it entered the Egyptian market in mid-2015, Oppo decided to rely on its own centres to offer technical support and aftersales services instead of relying on outsourcing.

The centre offers several services to customers, including updating the operating systems of Oppo phones, maintaining the phones in the warranty period, selling phone accessories, and providing an area to display new phones, including allowing customers to experience them interactively.

Noteworthy, Oppo has four other centres for aftersales services. The first is in Cairo (Obour buildings), the second is in Giza (Dokki), the third is in Alexandria (Semouha), and the fourth is in Mansroua (Gazirat Al-Ward), and now the company is opening its fifth centre in Tanta.

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Communications minister appoints Maha Rashad acting CEO of ITIDA https://dailynewsegypt.com/2018/04/04/communications-minister-appoints-maha-rashad-acting-ceo-itida/ https://dailynewsegypt.com/2018/04/04/communications-minister-appoints-maha-rashad-acting-ceo-itida/#respond Wed, 04 Apr 2018 08:30:31 +0000 https://dailynewsegypt.com/?p=656088 Minister of Communications and Information Technology Yasser El-Kady issued a decree to appoint Maha Khalil Mohammad Rashad as the acting CEO of the Information Technology Industry Development Agency (ITIDA), succeeding Asmaa Hosni, whose term expired. Before this appointment, Rashad held the position of associate minister of CIT for marketing strategies, as well as the strategic …

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Minister of Communications and Information Technology Yasser El-Kady issued a decree to appoint Maha Khalil Mohammad Rashad as the acting CEO of the Information Technology Industry Development Agency (ITIDA), succeeding Asmaa Hosni, whose term expired.

Before this appointment, Rashad held the position of associate minister of CIT for marketing strategies, as well as the strategic marketing and communication director at ITIDA.

During her tenure at ITIDA, Rashad held the responsibility of a number of key projects and took the lead in improving the perception of the Egyptian ICT sector, maintaining and deepening confidence in Egypt as an ideal outsourcing destination, and expanding cooperation with the main international consulting institutions.

Rashad possesses professional experience in the areas of integrated marketing communication, government relations, strategic planning, and business model design, in addition to her proven ability to manage the strategic analyst relations programme.

Maha joined the Ministry of Communications and Information Technology (MCIT) in 2001, where she held many positions and moved up in managerial positions. Most recently, she was the director of business initiatives development at the ministry, before moving to ITIDA in 2008.

Rashad is a young professional with 17 years of experience in a number of leadership positions, undertaking the roles of developing strategies for local companies to penetrate global markets, handling public-private partnership projects, and promoting integrated marketing solutions.

Moreover, she earned a bachelor’s degree in economics and political science from the English section of Cairo University in 2001 and received her MBA from the Arab Academy for Science, Technology, and Maritime Transport (AASTMT) in 2008, which qualified her to join the professional PhD programme in business administration at the AASTMT. This is in addition to obtaining a number of awards and training courses in e-government management and digital solutions consultancy.

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How much time do Egyptians spend consuming mass media? https://dailynewsegypt.com/2018/04/04/much-time-egyptians-spend-consuming-mass-media/ https://dailynewsegypt.com/2018/04/04/much-time-egyptians-spend-consuming-mass-media/#respond Wed, 04 Apr 2018 08:00:28 +0000 https://dailynewsegypt.com/?p=656123 Egypt ranked second among Arab countries in terms of the time spent by citizens consuming mass media, according to a report issued by the Ministry of Communications and Information Technology, as Egyptians spend an average of 70 hours per week watching media. According to the report, Egyptians spend about 23 hours a week using the …

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Egypt ranked second among Arab countries in terms of the time spent by citizens consuming mass media, according to a report issued by the Ministry of Communications and Information Technology, as Egyptians spend an average of 70 hours per week watching media.

According to the report, Egyptians spend about 23 hours a week using the internet, making it the fifth Arab country in terms of time spent on the internet.

Qatar ranked the top Arab country in terms of internet use, with an average of 32 hours per week. Tunisia follows with 29 hours weekly, then the Emirates and Lebanon with 26 hours weekly each. Saudi Arabia was the country with the least time spent on the internet, with an average of 20 hours per week.

Egyptians spend about 18 hours every week watching television, making Egypt the fourth Arab country in terms of time people spend watching television. Egyptians also spend 12 hours a week listening to the radio, the second top country in the Middle East and North Africa region in that category after Tunisia.

According to the Ministry of Communications’ report, Egyptians are ranked first amongst Arab countries who spend their time reading, as Egyptians spend seven hours a week reading books, six hours a week reading newspapers, and four hours a week reading magazines.

Tunisia topped the list of the countries in terms of overall time spent consuming mass media, with an average of 80 hours per week, followed by Qatar with an average of 68 hours per week, then the UAE with 64 hours per week, Lebanon with 62 hours weekly, and Saudi Arabia with 49 hours per week.

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Mobile apps acquisition costs https://dailynewsegypt.com/2018/04/04/mobile-apps-acquisition-costs/ https://dailynewsegypt.com/2018/04/04/mobile-apps-acquisition-costs/#respond Wed, 04 Apr 2018 07:30:46 +0000 https://dailynewsegypt.com/?p=656120 Smartphone users cannot dispense their phones, especially with the increase of smart applications that help us organise a lot of our daily activities, such as communication, social networking, home finance, and even home monitoring applications. But what is the cost of such applications? Not all apps are free, and in this report, we show you …

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Smartphone users cannot dispense their phones, especially with the increase of smart applications that help us organise a lot of our daily activities, such as communication, social networking, home finance, and even home monitoring applications.

But what is the cost of such applications? Not all apps are free, and in this report, we show you the costs of acquiring smartphone applications.

According to a report by eMarketer from August 2017, the average cost of installing apps is $4.1, which declined from $4.2 in June.

Cost per registration scored $8.22 in August, down from $9.75 in June. Meanwhile, cost per reservation posted $29, falling from $29.67 in June, while the cost per purchase increased to $53.1 from $46.1 in June.

Moreover, according to the report, cost per in app purchase registered $75 in August, down from $89.7 in June. The highest cost, yet, was the cost per subscription, which was estimated at $148 in August, increasing from $142.3 in June.

As for the rates of engagement, the report showed that the install-to-registration rate was roughly 49.7%, which increased from 42.8% in June.

Furthermore, the install-to-reservation rate scored 14.08%. This ratio increased slightly from 14.06% in June.

The install-to-purchase rate reached 7.7% in August, falling from 9.05% in June 2017. The install-to-in-app-purchase rate mounted to 5.45% in August, up from 4.65% in June.

Finally, the report stated that the install-to-subscription rate boasted 2.8% in August, compared to 2.9% in June.

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Cardo plans to expand into Saudi market in early 2019 https://dailynewsegypt.com/2018/04/04/cardo-plans-expand-saudi-market-early-2019/ https://dailynewsegypt.com/2018/04/04/cardo-plans-expand-saudi-market-early-2019/#respond Wed, 04 Apr 2018 07:00:36 +0000 https://dailynewsegypt.com/?p=656118 Company will double its investments in Egypt during 2H 2018

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Cardo Virtual Reality (VR), an Egyptian company specialised in manufacturing VR headsets, plans to expand its products and technology solutions to foreign markets starting in 2019. Saudi Arabia will be its first overseas market. According to Ahmed Adel, the company’s founder and chief executive, the company’s investments amount to EGP 5m.

The company plans to double its investments by the second half of this year by receiving EGP 5m of funding from several Egyptian banks as part of the Central Bank of Egypt (CBE)’s initiative to support small and medium enterprises.

How did you start Cardo, given that its staff are all young?

We are a team of young people. Even myself, head of the company and its founder, I am 25 years old. We began our activities immediately after completing our university degrees.

Then we were looking for an investment opportunity in Egypt, and we found strong opportunities for growth in the technology market. After some market research in 2014, we found that VR technology is projected to grow at the global level, despite its absence in Egypt.

We believed in it as an investment opportunity and decided to start our activity in this sector to establish a company to produce VR headsets in Egypt.

We launched our first products in February 2016 and saw good results.

What are the most important challenges you faced?

We faced many challenges, most notably the lack of awareness among many users about the VR technology. There were also manufacturing challenges as we experienced a shortage of many raw materials used in manufacturing as well as difficulties in the absence of certain manufacturing technologies.

We manufactured the first and second version of VR headsets in Egypt, but the third version was manufactured abroad, though it was of our design and development.

Among the challenges that came was also the quick pace of development in the technology sector. New innovations emerge almost biannually. Hence, we had to be ready to introduce new products with the most sophisticated technologies.

Do you offer other products?

We have a wide range of services and solutions starting with the VR app and VR headsets. Starting from the third quarter this year, we will launch 10 new products, including some that are manufactured in Egypt.

Do you have patents?

We applied for patents for nine products.

What solutions can VR be used in?

Virtual reality solutions are sophisticated solutions that can be used in several fields. Ultimately, it is a simulation of reality. This can be used even in education to help students grasp some lessons that need to be simulated.

The VR can also be utilised in the scientific and medical sectors to train doctors on surgical operations, as well as in the media sector, for live broadcasting of concerts and football matches. For example, the next World Cup in Russia will be transmitted via VR.

Do you have partnerships with schools or universities to benefit from your solutions?

We have already studied the market in this aspect and have held meetings with a number of school administrators to determine their ability to rely on VR to improve the students’ learning experience and to increase their educational attainment.

We have found positive results through these meetings and we can start on this plan during the coming period.

What are your plans for expansion outside Egypt?

We plan to expand to overseas markets with our products and solutions by 2019. We will launch expansion plans in the Saudi market in preparation for expanding to a number of other markets.

What is your current business size?

Currently, we offer our products to over 80,000 clients, with plans to raise the number to 160,000 by the end of this year, especially as we introduce new products in the third quarter this year.

How much have you invested since you started your business?

The company started out through one person, who is me, as a founder. Now, we have over 70 employees working at the company directly. Our investments have amounted to EGP 5m. Our company was transformed from a startup into an Egyptian joint stock company.

Do you have plans to list the company on the Egyptian Exchange?

We do have plans to list our company on the Egyptian Exchange, but it will not be before 2020.

Do you have plans to attract new investments?

By the second half of this year, we will be receiving financing of EGP 5m from banks within the CBE initiative to support small and medium enterprises, and we plan to double this funding by end of this year.

We also plan to attract new investments from companies and investors to cover our future expansions outside Egypt, so we closed the option of obtaining funding until next year.

What is the growth rate of your business?

Currently, we are achieving rapid growth rates increasing up to 30% per month.

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Communications minister kicks off The Future of Data Centres conference https://dailynewsegypt.com/2018/04/03/communications-minister-kicks-off-future-data-centres-conference/ https://dailynewsegypt.com/2018/04/03/communications-minister-kicks-off-future-data-centres-conference/#respond Tue, 03 Apr 2018 18:34:35 +0000 https://dailynewsegypt.com/?p=656097 Minister of Communications and Information Technology Yasser El-Kady opened Tuesday the first session of the second round of The Future of Data Centres conference in Egypt, in the attendance of several experts in the sector. During the opening session, MCS Managing Director Amr Farouk said that data centres are a base for digital transformation and …

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Minister of Communications and Information Technology Yasser El-Kady opened Tuesday the first session of the second round of The Future of Data Centres conference in Egypt, in the attendance of several experts in the sector.

During the opening session, MCS Managing Director Amr Farouk said that data centres are a base for digital transformation and financial inclusion, which the state aims to implement.

He added that Egypt’s location on the world map and its abundant resources, as long as the economic reforms underway continue, will all help to stimulate the promising industry in the coming period.

The Future of Data Centres conference is sponsored by several major companies, including Telecom Egypt, Dell, VMware, Juniper Networks, Trend Micro, Red Hat Software, and Schneider Electric.

President Abdel Fattah Al-Sisi had met several days ago with Prime Minister Sherif Ismail and El-Kady to discuss plans for the development of telecommunications infrastructure in terms of 4G services, the development of cables, and covering remote and border areas, along with the establishment of technological parks, in the framework of working to transform Egypt into a hub for technology, industrialisation, innovation, and entrepreneurship.

They also discussed the project to establish integrated databases to establish an information and technological environment capable of absorbing the nation’s data in order to achieve integration between various state bodies. The minister of communications presented the status of this project, stressing that it aims to build a modern and advanced service platform that serves the governmental sector and individuals. He noted that the project would help with decision-making across all governmental sectors through audited data linked to the national IDs of citizens.

The conference aims to shed light on two main aspects in its round this year, mainly the monitoring and keeping abreast of global and regional trends in intelligent management systems and services, as well as cloud computing and data management and analysis.

The conference will review the innovative concepts of data processing and enhancing digital transformation for optimal use in the development of infrastructure and databases, in addition to examining local competitive advantages in terms of technical solutions and human competencies in keeping pace with global changes in the industry of giant data centres.

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TE aims to increase contribution of marine cables, data centres to revenues by 25% https://dailynewsegypt.com/2018/04/03/te-aims-increase-contribution-marine-cables-data-centres-revenues-25/ https://dailynewsegypt.com/2018/04/03/te-aims-increase-contribution-marine-cables-data-centres-revenues-25/#respond Tue, 03 Apr 2018 15:07:39 +0000 https://dailynewsegypt.com/?p=655992 Mohamed Sameh, corporate sector manager at Telecom Egypt (TE), said that the company plans to boost the contribution of data centre services and other value-added services like hosting, cloud computing, and other services to the business sector’s total revenues by up to 25% in the coming five years. TE revealed several days ago that there …

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Mohamed Sameh, corporate sector manager at Telecom Egypt (TE), said that the company plans to boost the contribution of data centre services and other value-added services like hosting, cloud computing, and other services to the business sector’s total revenues by up to 25% in the coming five years.

TE revealed several days ago that there is a potential investment opportunity in the marine cable sector, on the back of which the board of directors approved amending the proposed dividend for fiscal year 2017 to secure funding.

In a press statement, the company said that in light of an arising investment opportunity in the submarine cable industry that is expected to maximise the company’s returns from the cable business and ensure the continuation of the current revenue stream, the board of directors determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share.

The board’s decision to amend the dividends proposal comes in light of the company’s decision to preserve the revenue stream of the cable systems segment, avail short-term financing to the potential investment opportunity without inflating the company’s debt position, and achieve a short-term return on the potential investment opportunity.

The company intends to maintain its long-standing dividend policy to its shareholders in FY 2018 and beyond. Such dividend policy aims to provide investors with a continuous stream of annual dividends, while balancing dividend distribution and the reinvestment of its cash flows in its capital expenditure, which is viewed as the key driver for inducing future growth.

 

 

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Countries with fastest growing e-commerce sales https://dailynewsegypt.com/2018/04/01/countries-fastest-growing-e-commerce-sales/ https://dailynewsegypt.com/2018/04/01/countries-fastest-growing-e-commerce-sales/#respond Sun, 01 Apr 2018 18:14:01 +0000 https://dailynewsegypt.com/?p=655774 eMarketer published a list of the countries projected to achieve the fastest growing sales via e-commerce this year and the coming two years. The list is comprised of 15 countries. According to the report, India topped the list of countries expected to achieve strong growth in the e-commerce market. The report predicted India will mark …

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eMarketer published a list of the countries projected to achieve the fastest growing sales via e-commerce this year and the coming two years. The list is comprised of 15 countries.

According to the report, India topped the list of countries expected to achieve strong growth in the e-commerce market. The report predicted India will mark a 40.1% growth in e-commerce sales in 2018.

Moreover, India’s e-commerce growth is expected to grow by 23.9% in 2019 and by 22% in 2020.

Argentina came in second place with an expected growth rate of e-commerce activity of 33.5% this year, 28.7% next year, and 22.1% in 2020.

Indonesia ranked third, with projected growth this year of 32.9%.

Indonesia is expected to achieve a growth of 20.6% in 2019 and 18.5% in 2020.

China was fourth on the list, with an expected growth of 29.8% this year, 25.8% in 2019, and 24.1% in 2020.

Mexico ranked fifth with an expected growth rate of 22%, 20.3% at the end of next year, and 18.9% in 2020.

The Philippines was ranked sixth, with the report predicting that the growth rate of e-commerce by the end of the current year will score 21.5%, 19.8% next year, and 16.2% in 2020.

Thailand ranked seventh in terms of growth in electronic commerce during the current year, boasting 18.8%. The sector there is expected to grow by 18.1% in 2019 and by 17.6% in 2020.

Vietnam ranked eighth on the list with an expected growth rate of 18.5% this year and 16.8% in 2019, while growth in 2020 there is predicted to be 13.2%.

Ranked ninth is Malaysia with projected growth rates of 17.6%, 16.8%, and 15.8% in 2018, 2019, and 2019 respectively.

The report ranked Russia 10th in terms of growth rates of e-commerce activity, projecting 15% this year, 14.7% in 2019, and 12.8% in 2020.

Meanwhile, the United States ranked 11th on the list, scoring 14.8% expected growth this year, 14.4% next year, and 14% in 2020.

Canada ranked 12th on the list with a predicted growth rate of 13.5% this year, 13% next year, and 12.3% in 2020.

Singapore then followed with expected growth of 12.1% in 2018, 11% in 2019, and 9.8% in 2020.

Brazil is in the penultimate position with predicted growth rates of 10%, 9.3%, and 8% in 2018, 2019, and 2020 respectively, while Spain tailed the list with 8.8% expected growth in 2018, 7.4% in 2019, and 6.3% in 2020.

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E-commerce accounts for 0.4% of retail sales in Egypt https://dailynewsegypt.com/2018/03/31/e-commerce-accounts-0-4-retail-sales-egypt/ https://dailynewsegypt.com/2018/03/31/e-commerce-accounts-0-4-retail-sales-egypt/#respond Sat, 31 Mar 2018 20:03:51 +0000 https://dailynewsegypt.com/?p=655650 Online purchases account for 1.8% of total trade in MEA

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The percentage of e-commerce sales in Egypt in terms of volume of retail trade amounted to 0.4% in 2016, according to a report by the Ministry of Communications and Information Technology (MCIT). The report noted that e-commerce sales out of total retail sales in the Middle East and Africa (MEA) reached 1.8%.

Moreover, the MCIT report stated that China ranks first in terms of its share of e-commerce in the retail sector, boasting 18.4%, followed by South Korea with 12.1%.

The United States came third with a share of 8.2%, followed by Russia with 3%, and then Brazil and India, each with 2.5%.

Next on the list came Indonesia with 2.2%, Argentina with 1.7%, and then Malaysia with 1.2%.

Although still in its infancy, Egypt’s e-commerce market has had some early successes since the first e-commerce sites and internet businesses were established in Egypt in the late 1990s.

For example, Otlob, an e-commerce business established in 1999, pioneered the concept of online food regulation in the Middle East and North Africa (MENA) region. e3050, founded in 2004, is reported to be the first e-retailer in Egypt (electronics). Other examples include sites such as freedaysegypt.com (tourism), tahriracademy.org (online education), and alborglab.com (health), as well as in the media sector with advertising-based Arabic news portals Masrawry, Egypt’s first and most popular news site (1999), and sports news site FilGoal (2001).

In 2015, there were an estimated 450 e-commerce websites in Egypt. In the multi-category online retailers and e-marketplaces, the top two e-marketplaces in Egypt for several years were established regional players Souq (United Arab Emirates) and Jumia (parent company Rocket Internet). Currently, Souq and Jumia, which entered the Egyptian market in 2011 and 2012 respectively, are the main e-commerce companies and have played a major role in helping to grow the industry in Egypt. Yaoota, Egypt’s first search engine price comparison site for online shopping, was founded in 2014. On the basis of its search results data, Yaoota reported that Souq and Jumia garnered 60-70% of the total visits to e-commerce websites in 2015, with the remaining 30-40% of visits distributed among remaining e-commerce players. Souq was purchased by e-commerce giant Amazon in March 2017.

In Egypt, there is a proliferation of Egyptian e-commerce companies and growth in the local market, particularly in niche markets. In recent years, the Egyptian e-commerce market has shown dynamism, with a growing rate of new e-commerce startups, though the survival rate or rapid, sustained growth of many of these startups in many cases is tenuous and prone to high turnover. Online grocery shopping is growing among small-scale grocers. Established in 2014, knockmart.com is a unique Egyptian online supermarket chain, which has grown rapidly to become one of the largest of its type in the region and is the first comprehensive shopping experience in Cairo that delivers groceries and household goods.

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Smartphones with highest radiation in the world https://dailynewsegypt.com/2018/03/29/smartphones-highest-radiation-world/ https://dailynewsegypt.com/2018/03/29/smartphones-highest-radiation-world/#respond Thu, 29 Mar 2018 08:00:17 +0000 https://dailynewsegypt.com/?p=655379 List of most radiation-emitting smartphones includes 6 Huawei models, 3 iPhone models

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Amid growing fears of the health effects of mobile phone radiation, online statistics portal Statista conducted a study on the smartphones that emit the most radiation in cooperation with the Federal Statistical Office of Germany.

The survey included many world brands manufacturing smartphones such as Google, Samsung, Sony, Huawei, ZTE, Xiaomi, LG, HTC, OnePlus, Nokia, and Motorola.

The examination was conducted in December 2017 through measuring the frequency and radiation emitting rates of smartphones when placed on an ear to make a call.

They put out a list of the most radiation-emitting smartphones. According to the criteria, the current smartphone emitting the highest level of radiation is Xiaomi’s Mi A1.

Mi A1 emits about 1.75 watts per kg (W/kg). At 1.68 W/kg, the OnePlus 5T comes second among all surveyed smartphones along with OnePlus 5, which emits around 1.39 W/kg.

The survey has also revealed that as many as three Apple iPhone models and six Huawei models made their way onto the list of phones that emit the most radiation.

Huawei’s Mate 9 came third with a radiation rate of 1.64 W/kg.

Nokia’s Lumia 630 ranked fourth with a radiation rate of 1.51 W/kg, followed by Huawei’s P9 plus with 1.48 W/kg. The report ranked Huawei’s GX8 in sixth place with a radiation rate of 1.44 W/kg.

Huawei’s P9 ranked seventh at 1.43 W/kg, followed by Huawei Nova Plus at 1.41 W/kg.

In ninth place, the OnePlus 5’s radiation emission is at 1.39 W/kg. Huawei’s P9 Lite ranked tenth with a radiation rate of 1.38 W/kg. This means that the list included all the versions of Huawei’s P9.

The first iPhone on the list is the iPhone 7, emitting 1.38 W/kg, ranking eleventh. Sony Xperia XZ1 came 12th with a radiation rate of 1.36 W/kg.

At a radiation rate of 1.32 W/kg, the iPhone 8 came in 13th place. ZTE Axon 7 Mini ranked 14th with a radiation rate of 1.29 W/kg.

The list of the most radiation-emitting smartphones also included the BlackBerry DTEK60 with a radiation rate of 1.28 W/kg. In last place came the iPhone 7 Plus with a radiation rate of 1.24 W/kg.

None of Samsung, LG, HTC, Google, or Motorola’s smartphones appeared on the list of 15 top radiation-emitting smartphones.

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Desktops dominate Egypt’s personal computing device market in February https://dailynewsegypt.com/2018/03/29/desktops-dominate-egypts-personal-computing-device-market-february/ https://dailynewsegypt.com/2018/03/29/desktops-dominate-egypts-personal-computing-device-market-february/#respond Thu, 29 Mar 2018 07:30:32 +0000 https://dailynewsegypt.com/?p=655375 Desktops’ share of the personal computing devices market in Egypt increased to 55% in February from 54.5% in January. The statistics come from web analytics company StatCounter, which pointed out that desktops surpassed mobile phones and tablets’ market share. According to StatCounter, mobile phones accounted for 42.2% of personal computing device sales in February, compared …

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Desktops’ share of the personal computing devices market in Egypt increased to 55% in February from 54.5% in January. The statistics come from web analytics company StatCounter, which pointed out that desktops surpassed mobile phones and tablets’ market share.

According to StatCounter, mobile phones accounted for 42.2% of personal computing device sales in February, compared to 42.8% in January.

Meanwhile, tablet sales ranked third with a market share of 2.9% in February compared to 2.7% in January.

Samsung has continued to outperform its competitors in Egypt’s mobile market despite a 1.5% decline in its market share in February.  According to the StatCounter report, Samsung’s market share fell to 39% of mobile phone sales from 40.5% in January 2018.

Huawei continued in second place in terms of mobile phone market share with a 14.1% share in February compared to 13.9% in January 2018, achieving slight growth in its market share.

Apple, meanwhile, achieved significant growth in its market share in February: 3.4%, as the market share of mobile sales in Egypt rose from 10.3% in January to record 13.7% in February.

Lenovo took fourth place in terms of mobile phone sales in Egypt in February, although its market share fell from 8.3% in January to 7.4% in February.

Infinix ranked fifth, despite its market share declining slightly in February reaching 4.9% versus 5.1% in January 2018.

According to the report, HTC reached a 3.3% share of the mobile phone market in Egypt in February compared to 3.1% in January, ranking sixth.

The mobile phone market share in Egypt of Tecno reached 2.2% in February compared to 2.3% in January 2018.

Nokia came last in terms of mobile market share in Egypt, with a market share of 1.7% in February compared to 2.1% in January 2018.

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Market share of Android OS versions in Egypt https://dailynewsegypt.com/2018/03/29/market-share-android-os-versions-egypt/ https://dailynewsegypt.com/2018/03/29/market-share-android-os-versions-egypt/#respond Thu, 29 Mar 2018 07:00:42 +0000 https://dailynewsegypt.com/?p=655371 Android-powered devices have the largest market share of smartphones globally, and there are about seven versions of the operating system (OS), of which the latest is Oreo, the eight major version of Android. We will review the market shares of Android OS versions in Egypt during February, according to StatCounter. Marshmallow (6.0) had the largest …

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Android-powered devices have the largest market share of smartphones globally, and there are about seven versions of the operating system (OS), of which the latest is Oreo, the eight major version of Android.

We will review the market shares of Android OS versions in Egypt during February, according to StatCounter.

Marshmallow (6.0) had the largest share of Android phones in February, rising to 24.8% from 24.3% in January.

Kitkat (4.4) fell to second place in February with a market share of 23.1% compared to 24.7% in January.

Lollipop (5.1) came in the third place in terms of Android version market share in Egypt, with 20.8% in February.

Meanwhile the market share of Nougat (7.0) increased in February to 11.9% from 10.9% in January.

In fifth place, Lollipop (5.0) scored 7.15% in February among the Android versions used in Egypt.

Jelly Bean (4.2) ranked sixth in Egypt with a market share of 4.7% in February.

Google announced days ago that the next major version of its mobile operating system, Android P, is available for developers to test. Although it is a beta version, it reveals key features about the new Android version. That means, for the third year in a row, Google is making a developer preview for the next version of Android available in March—months ahead of a consumer release in the autumn.

The final release date of Android P has yet to be confirmed, but it should be at some point in the third quarter (Q3) of the year, as was the case with Android 8.0 Oreo (by which time a full name for it should be announced too). As usual, it’s Google’s phones that will get the update first.

There is always a timeline for releasing any version of Android operating system. The current plan is to push the second developer preview in May. Two more are planned for June with a final image expected to land in July before the ultimate Q3 release.

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Samsung leads global smartphone sales, Chinese manufacturers fuel competition https://dailynewsegypt.com/2018/03/29/samsung-leads-global-smartphone-sales-chinese-manufacturers-fuel-competition/ https://dailynewsegypt.com/2018/03/29/samsung-leads-global-smartphone-sales-chinese-manufacturers-fuel-competition/#respond Thu, 29 Mar 2018 06:30:33 +0000 https://dailynewsegypt.com/?p=655368 Samsung continued to lead the world smartphone market in February, supported by a slight growth in its market share, while Chinese smartphone manufacturers engaged in a fierce competition over the following ranks. According to statistics from web analytics company StatCounter, Samsung’s global market share grew by 0.1%. According to those statistics, Samsung had a market …

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Samsung continued to lead the world smartphone market in February, supported by a slight growth in its market share, while Chinese smartphone manufacturers engaged in a fierce competition over the following ranks.

According to statistics from web analytics company StatCounter, Samsung’s global market share grew by 0.1%.

According to those statistics, Samsung had a market share of 31.9% of global smartphone sales in February compared to 31.8% in January.

Apple came second in terms of smartphone market share, accounting for 20.1% in February, up from 19.6% in January.

Huawei was ranked third globally in terms of smartphone sales, far behind its nearest rival Apple, with a global market share of 5.5% in February versus 5.3% in January.

The report also showed the growth of Xiaomi’s global market share in February, ranking fourth, slightly behind Huawei.

Xiaomi’s market share increased to 5.1% in February from 4.8% in January.

China’s Oppo ranked the fifth spot in terms of world smartphone market share, recording 3.6% in February, up from 3.4% in January 2018.

Meanwhile, LG maintained its market share in February at 3.4% of global smartphone sales.

Lenovo’s market share fell from 2.8% in January to 2.7% in February, but it still assumed the seventh position for the second month in a row in the global smartphone market.

Motorola, affiliated with Lenovo, had a market share of 2.5% in February, down from 2.6% in January 2018.

Nokia ranked last among the world’s top smartphone manufacturers, with its market share reaching 1.7% in February, down from 2% in January.

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Changes in the smartphone market in February 2018 https://dailynewsegypt.com/2018/03/29/changes-smartphone-market-february-2018/ https://dailynewsegypt.com/2018/03/29/changes-smartphone-market-february-2018/#respond Thu, 29 Mar 2018 06:00:43 +0000 https://dailynewsegypt.com/?p=655362 The market for personal computing devices is constantly changing, especially the smartphone sector, due to competition between various manufacturers, especially in China. At the global level, Chinese companies dominate the list of the largest smartphone makers, coming in third after Samsung and Apple. Huawei leads the growth in sales and market share of Chinese companies. …

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The market for personal computing devices is constantly changing, especially the smartphone sector, due to competition between various manufacturers, especially in China.

At the global level, Chinese companies dominate the list of the largest smartphone makers, coming in third after Samsung and Apple. Huawei leads the growth in sales and market share of Chinese companies.

In Egypt, Samsung still controls the largest share of sales, but its market share continues to decline as its share of mobile sales in Egypt reached 40% compared to 42% in December.

Huawei is still working to narrow the gap with Samsung by increasing its market share to 14% in February.

Apple achieved growth in its iPhone sales in Egypt to reach a market share of 13.7% last month, pressuring Huawei, which ranks second.

Lenovo, Xiaomi, Motorola, Infinix, and Tecno are still working to boost their sales.

Daily News Egypt presents to you the changes witnessed in the mobile phons and personal computing device market during the month of February.

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