{"id":12283,"date":"2022-03-09T11:23:51","date_gmt":"2022-03-09T11:23:51","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily"},"modified":"2022-03-09T16:03:58","modified_gmt":"2022-03-09T16:03:58","slug":"russian-pull-out-to-cost-apple-us3-million-daily","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily","title":{"rendered":"Russian pull-out to cost Apple US$3 million daily"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>APPLE Inc could lose at least US$3 million in iPhone sales revenue daily, or US$1,14 billion annually as it announced it would pull out of the Russian market in the wake of the invasion of Ukraine.<\/b><\/p>\n

According to estimates by Lithuania-based online shopping portal Burga, this amount is based on Apple’s latest recorded Russian market share and the company’s revenue from sales as of 2021.<\/p>\n

Apple’s exit in Russia puts a close to the rocky relationship between the two entities. Notably, Russia has in the past enacted questionable policies for companies like Apple to comply with.<\/p>\n

\u201cApple had only recently adhered with a government mandate to open offices in Russia to offer online services there,\u201d said the report.<\/p>\n

Although Russia does not account for a significant revenue share for Apple products, the tech giant’s exit will likely leave a mark on its smartphone sales that have been growing in the country.<\/p>\n

Data presented by Burga indicates that based on vendor sales, Apple accounts for 15% of Russian smartphone sales to rank third overall.<\/p>\n

South Korea’s Samsung occupies the top position, with 34%, followed by Xiaomi at the third spot at 26%.<\/p>\n

Realme has a share of 8%, followed by Poco at 3%, while other smaller brands account for 14%, the Burga report mentioned.<\/p>\n

Elsewhere, as of 2021, Russia’s smartphone sales stood at US$7,6 billion.<\/p>\n

Apple’s revenue lost may be higher considering that Russia’s general smartphone sales income has risen steadily in the last few years.<\/p>\n

As of 2020, revenue stood at US$5,93 billion, while in 2019, the figure was at US$5,2 billion.<\/p>\n

Overall, between 2014 and 2021, the figure has spiked almost 200%.<\/p>\n

After Apple’s decision on Russia, the move has placed pressure on other brands like Samsung, which has also stopped shipping products to the country.<\/p>\n

\u201cConsequently, the exit by the two manufacturers may be a window of expansion for Chinese operators that are likely to stay put.<\/p>\n

\u201cHowever, such firms may suffer the impact of any follow-up sanctions that can bar companies from operating in Russia using US origin technology,\u201d the report said.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. APPLE Inc could lose at least US$3 million in iPhone sales revenue daily, or US$1,14 billion annually as it announced it would pull out of the Russian market in the wake of the invasion of Ukraine. According to estimates by Lithuania-based online shopping portal Burga, this amount is based on Apple’s latest […]<\/p>\n","protected":false},"author":84,"featured_media":12282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[234,265,233],"class_list":["post-12283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nRussian pull-out to cost Apple US$3 million daily - South Sudan<\/title>\n<meta name=\"description\" content=\"APPLE Inc could lose at least US$3 million in iPhone sales revenue daily, or US$1,14 billion annually as it announced ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian pull-out to cost Apple US$3 million daily\" \/>\n<meta property=\"og:description\" content=\"APPLE Inc could lose at least US$3 million in iPhone sales revenue daily, or US$1,14 billion annually as it announced ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-09T11:23:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T16:03:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/03\/img-6228cfd4ec3a4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Russian pull-out to cost Apple US$3 million daily\",\"datePublished\":\"2022-03-09T11:23:51+00:00\",\"dateModified\":\"2022-03-09T16:03:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\"},\"wordCount\":361,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/03\/img-6228cfd4ec3a4.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/russian-pull-out-to-cost-apple-us3-million-daily\",\"name\":\"Russian pull-out to cost Apple US$3 million daily - 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