22
Mar

China has 50% market share in Russia for smartphones

In 2019, a total of 30 million smartphones worth 495 billion rubles (EUR 5.94 billion) were sold in Russia. 50% of the smartphones sold come from China.

Accordingly, a large part goes over the counters of the M.Video-Eldorado Group, the largest Russian retail chain with annual sales of over 420 billion rubles (EUR 5.04 billion). In 2018 M.Video bought the Eldorado and the Media Markt Russia, from which the M.Video-Eldorado group emerged, which is one of the most profitable electronics markets worldwide.