Smartphone revenues hit record high as premium demand lifts Q4

The African smartphone market saw smartphone shipments grow by 6% year-on-year to 17.8 million units in Q2 2024, continuing recovery over the past three quarters against macroeconomic volatility.

South African operator MTN is launching an own-branded 5G smartphone. Called the Icon 5G, the new MTN smartphone will sell for 2,499 rand (about US$138). The smartphone is manufactured by ZTE.

Smartphone shipments have for the first time surpassed feature phone stock in Africa,  showcasing the rise in adoption of more advanced handsets across the region.