In line with a brand new report by analysis agency Counterpoint, 99 % of Smartphone Bought in Argentina are LTE Enabled.
The report stated Argentina smartphones gross sales grew 59 % yearly in Q3 2017, and 22 % in comparison with the earlier quarter.
Commenting on the third Quarter findings, Tina Lu, Senior Analyst at Counterpoint Analysis stated, “Argentina is an especially closed market. Imports of cellular gadgets are allowed solely with particular authorization. Lower than three % of all of the cellular gadgets bought between January and September, have been imported as imported gadgets are topic to larger than 110 % duties.”
Tina stated, “Most gadgets are assembled within the Tierra del Fuego area. This confers a excessive meeting price, however nonetheless lower than import duties. The consequence of the excessive manufacturing prices is that Argentinean shoppers need to pay, on common, as a lot as double the worth in comparison with Chile and USA, for related fashions.”
The report stated that a couple of out of each two gadgets bought in Argentina is a Samsung. Though its gross sales quantity grew greater than 26 % in Q3 2017 yearly, it misplaced greater than 10 % of market share in comparison with Q3 2016.
LG has been Samsung’s greatest competitor. Its share elevated solely marginally, by 1 % YoY, however its gross sales quantity elevated greater than 71 % yearly. Its Kseries smartphones have been very aggressive, which helped the model to develop above the market price nevertheless it’s dealing with powerful competitors from each Samsung and Motorola.
Motorola grew its smartphone quantity by 254 % YoY. It greater than doubled its quantity share reaching 13.9 %. The launch of its C collection has allowed the model to compete for face to face with Samsung’s decrease J collection, Counterpoint stated.
Huawei grew its share barely in comparison with final yr. Huawei has efficiently constructed its model in Argentina during the last yr. Nonetheless, native meeting requirement forces it to have a restricted portfolio, in comparison with its choices Mexico or Colombia; this has been a roadblock to the model’s development.
Alcatel additionally greater than doubled its share and quantity gross sales, in comparison with 3Q16. It has been dealing with issue in getting sufficient product and has lacked funding in its model.