{"id":543573,"date":"2022-02-08T03:51:45","date_gmt":"2022-02-08T03:51:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/mti-to-sell-apple-products-in-egypt-starting-3q2021\/"},"modified":"2022-02-08T03:51:45","modified_gmt":"2022-02-08T03:51:45","slug":"mti-to-sell-apple-products-in-egypt-starting-3q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/mti-to-sell-apple-products-in-egypt-starting-3q2021\/","title":{"rendered":"MTI to sell Apple products in Egypt starting 3Q2021"},"content":{"rendered":"

<\/a> iSheep rejoice:<\/strong> MM Group for Industry and International Trade<\/a> (MTI) will sell Apple products in Egypt from 3Q2022 after signing an agreement with Apple Trading Egypt, it said in an EGX disclosure (pdf)<\/a> yesterday. The move will give MTI an increased market share in the mobile phone distribution market, said Chairman and CEO Khaled Mahmoud.<\/p>\n

Apple holds a small (if lucrative) chunk of Egypt\u2019s mobile market<\/strong>, which is dominated by Samsung, and Chinese manufacturers Oppo, Xiaomi and Realme<\/a>, whose devices are sold at lower price points.<\/p>\n

There are still no official Apple stores in Egypt<\/strong> \u2014 or anywhere in Africa for that matter. There has been persistent chatter on social media since early 2021 that Apple had acquired land in the new administrative capital at which to open its first flagship store on the continent. Prime Minister Moustafa Madbouly had pitched the idea to Apple CEO Tim Cook<\/a> on the sidelines of the World Economic Forum back in January 2019.<\/p>\n

Who else sells Apple products here? <\/strong>The iPhone maker\u2019s products are only available through local resellers and repair stores. Other authorized distributors in Egypt include Tradeline, Switch Plus and Raya as well as at mobile network operators Etisalat, Orange, Vodafone Egypt and We.<\/p>\n

The cost of mobile phones has risen in recent months<\/strong> following the government\u2019s decision to double tariffs on imported mobile phones<\/a> to 10%. In December, market intelligence firm International Data Corporation forecast<\/a> prices to rise 10% during 4Q2021 on the back of the move and ongoing supply shortages, leading vendors to resort to increasing stock of cheaper models. It said that growth in Egypt\u2019s smartphone market will likely slow to 1% this year due to the duty as well as ongoing shortages of mobile phone components.<\/p>\n","protected":false},"excerpt":{"rendered":"

iSheep rejoice: MM Group for Industry and International Trade (MTI) will sell Apple products in Egypt from 3Q2022 after signing an agreement with Apple Trading Egypt, it said in an EGX disclosure (pdf) yesterday. The move will give MTI an increased market share in the mobile phone distribution market, said Chairman and CEO Khaled Mahmoud. […]<\/p>\n","protected":false},"author":1,"featured_media":543574,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8516],"tags":[184,72,844,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-apple","tag-enterpriseam","tag-iphone","tag-trade","wpautop","entry"],"acf":{"mongo_id":"c85425ab-e9f3-4895-9b34-7902fd1988f4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/95.jpg","photo_position":"above","related_issue":[543567],"teaser":"","voice_url":""},"yoast_head":"\nMTI to sell Apple products in Egypt starting 3Q2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/mti-to-sell-apple-products-in-egypt-starting-3q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTI to sell Apple products in Egypt starting 3Q2021\" \/>\n<meta property=\"og:description\" content=\"iSheep rejoice: MM Group for Industry and International Trade (MTI) will sell Apple products in Egypt from 3Q2022 after signing an agreement with Apple Trading Egypt, it said in an EGX disclosure (pdf) yesterday. The move will give MTI an increased market share in the mobile phone distribution market, said Chairman and CEO Khaled Mahmoud. 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The agreement will increase MTI\u2019s market share in the mobile phone distribution market, MTI CEO Khaled Mahmoud said. Beltone\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641195,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/14\/mti-signs-agreement-to-distribute-freetel-japan-mobile-phones-in-egypt\/","url_meta":{"origin":543573,"position":1},"title":"MTI signs agreement to distribute Freetel Japan mobile phones in Egypt","author":"enterpriseam admin","date":"14 September 2017","format":false,"excerpt":"MM Group for Industry and Trade (MTI) announced yesterday (pdf) that it signed an agreement with Plus One Marketing Ltd. (Freetel Japan) to become an authorized retailer of the company\u2019s mobile phones in the Egyptian market. The devices will hit the shelves before the end of September and are expected\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638430,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/mti-acquires-60-of-bee\/","url_meta":{"origin":543573,"position":2},"title":"MTI acquires 60% of Bee","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"M&A WATCH- BPE Partners and MTI acquire Bee: BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn along with the company announced in a statement on Tuesday. The transaction was executed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634554,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/mm-group-signs-agreement-to-sell-bosch-appliances-in-egypt\/","url_meta":{"origin":543573,"position":3},"title":"MM Group signs agreement to sell Bosch appliances in Egypt","author":"enterpriseam admin","date":"17 January 2018","format":false,"excerpt":"MM Group for Industry and Intrenational Trade (MTI) announced signing a distribution agreement with household appliance producer BSH Group, according to a bourse disclosure. The agreement will allow MTI to offer Bosch-branded, with sales planned to start in February 2018 and expected to add in-excess of EGP 200 mn in\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623221,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/whirlpool-to-expand-product-offerings-in-egypt-with-mti-holding\/","url_meta":{"origin":543573,"position":4},"title":"Whirlpool to expand product offerings in Egypt with MTI Holding","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"** #6 Home appliance producer Whirlpool Corporation and local partner MTI Holding will assemble\u00a0 and market in Egypt Whirlpool-branded top-loading washing machines starting 1H2019.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645665,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/mti-to-increase-investments-for-luxury-cars-centers\/","url_meta":{"origin":543573,"position":5},"title":"MTI to increase investments for luxury cars centers","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"MM Group for Industry and International Trade (MTI) is set to invest up to EGP 240 mn \u2014 or some EGP 40 mn more than originally planned \u2014 to build a new Jaguar Land Rover service center in New Cairo as well as a Bentley center, Chairman Khaled Mahmoud tells\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543573"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543573\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543574"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543573"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543573"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}