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Two years of the pandemic, provide chain disruptions and slowing economies in Africa lastly caught up with Shenzhen-based African cell phone large Transsion. The corporate launched its first-quarter outcomes earlier this month that exposed drops in revenues (1.8%), earnings (7.6%), and smartphone gross sales (7%) in comparison with the identical time final yr.
However the information wasn’t all dangerous. Transsion’s downturn in Africa was offset by sturdy performances within the Center East and Asia.
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