China's share of the Russian smartphone market increased significantly in May, after companies including Apple and Samsung halted new sales in Russia as Western sanctions cloud the Russian economy.
Data from MTS, the largest mobile operator in Russia, showed that Chinese companies Xiaomi, Realme and Honor accounted for 42% of smartphone sales in Russia in May 2022, up from 28% during the same month last year. , according to Reuters.
South Korea's Samsung lost its leading position in the Russian market, and its sales accounted for 14% of devices compared to 28% last year, and Apple's share fell from 12% to 9%.
The company said total smartphone sales fell 26 percent year on year, as Western sanctions and supply chain disruptions severely affected Russia's consumer economy.
Apple and Samsung halted sales of new products in Russia after Moscow sent its army into Ukraine in late February, but retailers were able to use their stocks.
The Kremlin has also moved to allow Russian companies to bring in some products, including smartphones, without the permission of license holders in a so-called "parallel imports" scheme.
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- Agencies