Weak performance in the smartphone sector
IOL - Aug 27th, 16:06
Smartphone revenues grew 3.9 percent year-on-year in the second quarter of 2019 and unit sales dropped 4.9 percent to just under 3 million units in the same time frame, continuing the same trend seen in the previous two quarters.
That’s according to the newly released point of sale tracking data from GfK South Africa’s Weekly Monitor, which indicates that the consumer technical goods market as a whole grew at around 1.3 percent compared to the same quarter in 2018.
The major domestic application and consumer electronics segments both performed well in the quarter, with year-on-year revenue growth of 5.2 percent and 6.7 percent, respectively.
However, revenue contractions of 7.6 percent in office equipment and 7.1 percent in consumer IT contributed to a quarter of weak growth for the technical goods market.
Kali Moahloli, the head of sales and retail, GfK South Africa, said: “We have seen a relatively weak performance in the smartphone sector for three consecutive quarters, reflecting both market saturation and a difficult economic climate."IOL
Regulation of online and mobile gambling in Africa must gather pace
29/10/2019 - 10:20
The gambling industry in Africa has been busy recently following the ICE Africa and Big African Summit events. These explored the current state of legal gambling within the continent and included conferences by established industry professionals.
Smartphone sales growth stalls while panel TVs soar during Black Friday week 2018 – GfK data
13/12/2018 - 15:42
Panel television sales soared in South Africa during Black Friday week, climbing by 66% to just over 93,000 units when compared to the same week in 2017, according to point of sale tracking data from GfK South Africa’s Weekly Monitor. This builds on the 47% growth over 2016 recorded during the week of Black Friday in 2017.
Smartphone shoppers altering retail reality
14/05/2018 - 13:23
Smartphone shopping is expected to peak globally in the coming few years with 43 percent surveyed already making purchases on their phone weekly.
Five consumer spending trends to look out for in 2018
08/02/2018 - 09:12
South African retailers and manufacturers face a significant shift in how consumers behave over the next few years, as economic conditions tighten, consumer confidence falls and Internet shopping takes off. Our research shows that many South Africans are fearful about the future, with 46% saying they are not very or at all confident about the future.
Smartphones fuel boom in retail searches
04/08/2017 - 15:01
Research has found smartphones caused an explosion in searches for the wares of UK retailers in the second quarter.