Rising inflation and a shortage of currency reduce the demand for smartphones
March 16, 2023
Rising inflation and shortage of foreign currency led to a 32.1 per cent decline in Nigeria’s smartphone market in the fourth quarter of 2022, a new market analysis by International Data Corporation has disclosed.
According to the market intelligence firm, Africa’s smartphone market declined for the sixth consecutive quarter in Q4 2022, with shipments falling by 17.8 per cent year-on-year to…