Russian smartphone market up 5% to 22.5 mln units in first nine months of 2020

The Russian smartphone market grew by 5 percent year-on-year in the first nine months of 2020 to 22.5 million devices, according to data from the operator MTS. Revenues increased by 11 percent to RUB 380 billion, and the average retail  rate of a smartphone grew by 6 percent, to RUB 16,930.

Significant growth in online sales was registered. Online sales jumped by 60 percent in units and were up by 84 percent in value. The average price of a smartphone sold online amounted to RUB 19,700, up by 15 percent year-on-year.

Samsung led the market in volume with a 26 percent share. Honor followed with 24 percent, while Xiaomi, Apple and Huawei took 18 percent, 10 percent and 7 percent, respectively.

Apple led by revenues with a 33 percent share, and Samsung followed with 27 percent. The indicators of Honor, Xiaomi and Huawei were 16 percent, 13 percent and 5

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New Zealand’s Fonterra to sell China dairy farms for $368 mln to focus on home markets

Video: Optimistic Australian CEO’s invest in digital technology (Sky News Australia)

Optimistic Australian CEO’s invest in digital technology

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FILE PHOTO: Fonterra milk tanker driving past dairy cows as it arrives at Fonterra's Te Rapa plant near Hamilton, New Zealand


© Reuters/Nigel Marple
FILE PHOTO: Fonterra milk tanker driving past dairy cows as it arrives at Fonterra’s Te Rapa plant near Hamilton, New Zealand


(Reuters) – New Zealand’s Fonterra said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt.

The company unveiled plans last year to halt overseas expansion after being criticised by the more than 10,000 farmers who make up its cooperative for its foray into countries like China and value added consumer products that were weighing on its profits.

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“For the last 18 months, we have been reviewing every part of the business to ensure our assets and investments

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