Transsion Holdings, the “King of Africa”, will have revenue of nearly 62.3 billion yuan in 2023, and its African smartphone market share will exceed 40%

News from this site on April 23, Shenzhen Transsion Holdings Co., Ltd. released its 2023 annual report today. Data shows that in 2023, the company's overall mobile phone shipments will be approximately 194 million units.

The report quoted IDC statistics and stated that its global mobile phone market share will be 14.0% in 2023, ranking third among global mobile phone brand manufacturers. Among them, its smartphone market share in the global smartphone market will be 8.1% %, ranking fifth.

In terms of revenue, this site summarizes it as follows:

• In 2023, the company achieved operating income of 6,229,487.68 million yuan (nearly 62.3 billion yuan), an increase of 33.69% over the same period last year;

• Operating profit was 6,746.5847 million yuan (nearly 6.75 billion yuan), an increase of 122.50% over the same period last year;

• The total profit was 6,714.3953 million yuan (nearly 6.71 billion yuan), an increase of 124.30% over the same period last year;

• Attributable to the owners of the parent company Net profit was 5,537.0452 million yuan, an increase of 122.93% over the same period last year.

The report states that Transsion’s smartphone market share in Africa will exceed 40% in 2023, ranking first locally. In the South Asian market: Pakistan’s smartphone market share exceeds 40%, ranking first; Bangladesh’s smartphone market share exceeds 30%, also ranking first; India’s smartphone market share exceeds 8.2%, ranking sixth.

Currently, Transsion’s main products are mobile phones under the three major brands of TECNO, itel and Infinix, including feature phones and smartphones. Sales areas are mainly concentrated in global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.

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