The Russian mobile phone market is continuing to grow at a record speed

Monday, May 23, 2022

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In the third quarter of 2004 sales were up 18% to reach 6.7 million. During the same period, Siemens managed to regain its market leadership, while Nokia only barely held on to third place, Vedomosti writes. Siemens succeeded in overcoming a small gap and moving ahead of Motorola on the Russian mobile phone market. The competition between the leaders is continuing to heat up with Samsung gradually catching up with Nokia. According to IDC data, Q3 results reflect the great success that Siemens has recently enjoyed in Moscow. Motorola, which posted solid performance at the beginning of the year, gradually slowed down its rates. According to estimates, overall sales volume will reach 26 million phones in 2004, which is a 50% increase compared with 2003. In point of fact, the increase is the same as it was in that year in comparison with 2002. IDC reports that sales of cheap mobile phones are predominant not only in rural areas, but also in Moscow and St. Petersburg. Meanwhile, market observers and analysts point to increasing sales of more expensive models, as well. The fastest growing segment is phones that cost $150-$300. In the past year, the growth rate in this segment increased by 10%. Dealers believe that it reflects the increasing capabilities of mobile phones. For instance, one of the leading dealers reported the increase in sales of mobile phones with cameras from 6% to 15% during the first nine months of 2004.

Bookmark The Russian mobile phone market is continuing to grow at a record speed