July 12, 2022

A New Leader in Russia's Tech Market


A New Leader in Russia's Tech Market
Здравствуйте!  Pexels, Tyler Lastovich

Since Western electronic companies exited the Russian market in protest against the invasion of Ukraine, several Chinese companies have become leading suppliers of smartphones to Russian consumers.

Some of the leading brands to walk into the spotlight include Xiaomi, Infinix, Tecno, and Realme. Realme’s January to June sales doubled in 2022  versus 2021, to one million units. In recent months Tecno and other smartphone companies have seen up to a twentyfold increase in sales.

On the other hand, sales by Western companies such as Samsung and Apple are falling rapidly. Samsung now only accounts for 15 percent of Russian smartphone sales, and Apple a mere 14 percent.

Alexander Surkov from Russia’s GS Group predicts that Chinese electronic and smartphone companies could eventually hold 90 percent of the Russian market.

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