Africa phone shipments slowed to a two-year low, Omdia finds, as the Middle East war worsens chip shortages and squeezes the sub-$200 handset market.
African smartphone shipments hit two-year lows as Middle East war worsens memory chip shortage for sub-$200 devices; Transsion posted flat Q1. Budget handset cost squeeze slows digital inclusion and $1.4T annual mobile money adoption across Africa.
Africa · Economy
Key Facts
The data. Phone shipments to Africa have slowed to their weakest growth in two years, according to research firm Omdia, cited by Semafor.
The causes. Rising component costs, supply chain constraints and weaker consumer demand — all partly linked to the Middle East war — are depressing sales.
The chip squeeze. A two-year global shortage of memory chips has been made worse by the crisis, raising the cost of building budget handsets.
World Bank warns Middle East conflict threatens Africa’s growth amid inflation pressures
Middle East war pushes global growth to weakest rate since COVID 19 - World Bank - Businessday NG
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