The Brazilian mobile phone market has slowed down in the first half of 2018, according to a recent survey by analyst firm IDC.
The number of devices sold during the same period was 24,122 units, decreased by 3.7% from the same period in 2017, and 25,048 items were sold.
In the first quarter, according to a survey of IDC Brazilian mobile phone tracker, sales declined 1.8% in the first quarter but decreased by 5.5% in the second quarter.
According to analyst survey, the high unemployment rate and the rise of the dollar against the local currency affected the sales performance of the local mobile phone market.
Other factors that had a negative impact on the sales of mobile phones listed on IDC were the World Cup diesel crisis (a strike calling for a Brazilian truck driver to lower the price of diesel vehicles in May) I will.
Neither of the second 2018 treatment predictions is positive. Sales of smartphones are expected to be 46 million units (2.9% lower than 2017) and 2.7 million units (less than 3 million units last year).
"Fluctuations in the exchange rate will continue to collapse past records, the presidential election will take place in October, high domestic unemployment rate will create market uncertainty.
Hope you like the news Brazilian mobile market slows in H1 2018. Stay Tuned For More Updates 🙂