Categories: iPhoneNews

iPhone sales in the MEA grew 26% year-over-year in quarter four of 2023

Smartphone shipments in the Middle East and Africa (MEA) region increased 26% year-over-year (YoY) and 9% quarter-over-quarter (QoQ) in quarter four (Q4) of 2023, according to the latest research from Counterpoint Research.

Globally, MEA was the region showing the highest YoY growth during the quarter, driven by improving economic conditions and rebounding consumer demand. Apple further solidified its position in the top five, with iPhone sales growing 26% YoY. 

Counterpoint says this success was mainly due to the popularity of its latest iPhone 15 series in addition to its older series, driven by promotional offers and increased financing options. What’s more, Apple has begun establishing distribution channels in key markets like South Africa, Nigeria and Kenya, forging partnerships with operators and key distributors to expand its reach.

“Premiumization has significantly favored original equipment manufacturers such as Apple and Samsung,” says Counterpoint Senior Analyst Yang Wang. “Being an aspirational brand for many in the region, iPhone has become a status symbol across MEA countries. Samsung also enjoyed notable success in Q4 2023 with the launch of the Galaxy Z Flip 5 and Z Fold 5, resulting in a 51% YoY jump in its sales in the >$600 range.”

For the full year of 2023, MEA shipments grew 11% YoY as consumer sentiment steadily improved through the year with decreasing inflation and stabilizing local currencies. Vendors, which were sitting on high levels of inventory, returned to a more manageable footing after successfully executing multiple sales events and hefty discounts during the year, according to Wang.

Dennis Sellers

Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.

Recent Posts

Apple reportedly close to an agreement to use OpenAI in its artificial intelligence push

Apple has closed in on an agreement with OpenAI to use the startup’s technology on…

3 hours ago

Top Apple-related stories this week (May 6-10)

Here are the top Apple-related articles at Apple World Today for the week of May…

6 hours ago

Comparison of Outsourcing Opportunities of Poland and Romania

The fast-paced global economy sees outsourcing as a cornerstone strategy for businesses striving to streamline…

6 hours ago

Today’s deal: Costco 1-Year Gold Star Membership + $40 Digital Costco Shop Card for only $60

Thanks to today’s deal, you can get a Costco 1-Year Gold Star membership and a…

6 hours ago

Apple TV+ cancels ‘Constellation’ after one season

Apple TV+ has opted not to continue with a second season of “Constellation,” its sci-fi…

17 hours ago

Apple reportedly is revamping Siri to Catch Up to Its Chatbot Competitors

Apple plans to announce that it will bring generative A.I. to iPhones after the company’s…

17 hours ago