The 'King of Africa' ​​lives up to his name! Transsion Holdings' annual revenue in 2023 is nearly 62.3 billion: Africa's smartphone market share exceeds 40%

News on April 23, Transsion Holdings released its 2023 annual report today.

It shows that in 2023, the company will achieve operating income of 62.295 billion yuan, a year-on-year increase of 33.69%; net profit of 5.537 billion yuan, a year-on-year increase of 122.93%; basic earnings per share is 6.88 yuan.

In terms of products, among the company's main businesses in 2023, mobile phone revenue will be 57.348 billion yuan, a year-on-year increase of 34.88%, accounting for 92.06% of operating revenue, and overall mobile phone shipments Approximately 194 million units were sold.

The report quoted IDC statistics and said that in 2023, its global mobile phone market share will be 14.0%, ranking third among global mobile phone brand manufacturers, of which smartphones will account for 8.1% of the global smartphone market share. Ranked fifth.

Transsion Company is mainly engaged in the design, research and development, production, sales and brand operation of smart terminals with mobile phones as the core.

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

Data shows 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 first sixth.

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