News Formal

Nigeria’s smartphone market slumps as economic hardship bites harder

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

A Trusted Nigerian Newspaper

The smartphone market in Nigeria is experiencing a significant downturn, primarily driven by economic challenges such as high inflation, currency instability, and slow GDP growth.

As a result, smartphone shipments to Nigeria increased by only 5% in the second quarter of 2024, a stark contrast to the strong double-digit growth observed in previous quarters. The economic strain has forced many Nigerians to prioritize essential goods and services over discretionary spending on smartphones.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 10. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

JUST IN: FG Maintains Stance on Reducing Prices of Foodstuffs in the Market, Provides ClarificationA Trusted Nigerian Newspaper
Källa: NigeriaNewsdesk - 🏆 10. / 63 Läs mer »