A recent report issued by GFK Institution ranked Egypt as having one of the highest smartphone sales in developing markets in 2015. According to the report, Egypt occupied eighth place in the list of countries that included India, Pakistan, Nigeria, Brazil, China and Indonesia. The report said Egypt's sales of smartphones over the past year reached $4.6bn, to give it eighth place in the smartphone sales markets. The report anticipated that sales in the Egyptian market will reach $5bn by the end of 2015, achieving a 0.3% growth rate in terms of sales value compared to last year. The report also stated that there will be an 8% growth rate for the number of devices sold, compared to 2014. India topped the list of the highest smartphone sales in developing countries, with a growth rate of 4.8% in sales value though 2015 compared to last year. The Indian market achieved sales of $30bn over the last year, and it is expected to reach a sales value of $34.8bn, which represents a 16% growth rate in the number of sold devices. China ranked second in terms of sales value, with a growth rate of 1.8%, achieving second place. It is expected to achieve a sales value worth $200.8bn by the end of 2015, compared to $199bn in 2014, according to the GFK report. The report predicts a growth rate of 1% in the number of sold devices. According to the report, Nigeria finished third on the list, achieving a growth rate in sales revenues of 0.7%. The report stated that the sales value in the Nigerian market last year amounted to $5.1bn, and anticipates the volume to achieve a growth rate of 13% and sales value of $5.7bn through this year. Pakistan came in fourth place with an increase of 0.6% in sales volume of smartphones, where it achieved sales worth $4.2bn in 2014, and is expected to reach sales of $4.8bn by the end of 2015. Vietnam came in fifth with a 0.6% sales growth rate and sales value of $5.5bn in 2014. The Vietnamese smartphone market is expected to achieve $6.1bn worth of sales by the end of this year. Bangladesh came in sixth, achieving a sales growth rate of 0.4%, where last year's smartphone sales volume was estimated at $3.3bn. It is expected to reach $3.8bn by the end of 2015. Brazil, number seven of the list, achieved a growth rate of 0.4% during the current year compared to last year, and is expected to reach sales of $39.3bn during 2015 compared to $39bn last year. Indonesia occupied ninth place, with a sales growth rate of 0.3% during the current year. It is expected to achieve sales worth $12.7bn by the end of this year, compared to $12.4bn last year. The Philippines came in tenth on the list, with a sales growth rate of 0.2%, where its value of sales by the end of 2015 is expected to reach $4.1bn versus $3.8bn last year.
