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The Fastest Growing Smartphone Market in the World
[June 28, 2018]

The Fastest Growing Smartphone Market in the World


PALM BEACH, Florida, June 28, 2018 /PRNewswire/ --

Marketnewsupdates.com Market Commentary 

Latin America is seeing insatiable demand for internet and smartphones among its population of 650 million. In fact, "smartphones have been instrumental in establishing Latin America as one of the world's largest consumers of social media, with the vast majority of usage occurring over mobile networks," reports GSMA Intelligence. In addition, some of the region's leading markets are among the highest-ranked worldwide for total hours per week spent on the Internet, most notably on mobile devices, including Brazil, Mexico and Argentina. Some of the top companies that are benefiting from this growth trend include Cool Holdings Inc. (NASDAQ:IFON), Apple Inc. (NASDAQ:AAPL), Samsung Electronics Co. (OTC:SSNLF), Telmex International and NII Holdings (NASDAQ:NIHD).

Whether it is Cool Holding's recent acquisition of an Apple-licensed reseller that now provides it with a gateway to Latin America, or Samsung's desire to tap the appetite of the region's consumers, companies are just beginning to attract a significant amount of attention.

Latin America: The Smartphone Market is Booming 

In 2012, smartphones accounted to fewer than one in 10 connections. Nowadays, smartphones account for six out of 10 mobile connections. That's only expected to increase as much of Latin America experiences stronger economic growth, and as the new middle class seeks newer technologies. In addition, new technology upgrades and the evolution of smartphones will drive growth in the coming years.

There's little wonder then that global e-commerce platforms and retailers are quickly investing in the Latin America, as well. China, for example, wants to build an Internet finance platform in Mexico, says Bloomberg. Smartphone company Transsion Holdings is setting up operations in Colombia. China Mobile Games & Entertainment plans to distribute mobile games in Mexico.

Samsung for example has captured nearly 30% of the Latin America market in the six most prominent markets - Brazil, Mexico, Chile, Argentina, Colombia and Peru. However, while Samsung may have considerable market share, sales of Apple iPhone devices are growing much more rapidly than those other brands, according to The Wharton School. In fact, Apple is still aggressively pushing to the region. It's expected to open its first global flagship store in a Mexico City mall by 2019. Apple also signed a lease for its upcoming Antara Hall location, just months after opening its first store in Mexico's Centro Santa Fe mall.

Even companies such as Cool Holdings Inc. (formerly InfoSonics Inc.) are widening their exposure to Latin America's insatiable need for smartphones and other technologies.

A Cool Move into Latin America 

Cool Holdings (NASDAQ:IFON) has just begun picking up considerable market share through acquisition. In fact, it recent closed a merger with Apple-licensed and reseller Cooltech Holding Corporation that now provides it with a gateway to Latin America and the potential for further expansion in the region. It's important to note that Cooltech is one of just a limited number of partners under the Apple Premium Reseller and Apple Authorized Reseller Mono-Brand programs in Latin America.

"We are extremely excited to complete the merger and move forward to execute our strategy as an Apple licensed partner to grow our retail footprint under our OneClick branded stores," says InfoSonics President and CEO Mauricio Diaz. "We are one of a limited number of partners under the Apple Premium Reseller and Apple Authorized Reseller Mono-Brand programs in Latin America and the United States, and hope to expand into other countries in the near future. In addition, we want to take advantage of the synergies between our distribution business and verykool, and provide all InfoSonics shareholders with the opportunity for growth to maximize the value of our Company."



The OneClick stores offer Apple products and approved accessories, as well as hardware and software technical service centers where customers can take their Apple equipment for repair and maintenance. The company just opened its newest OneClick store in the El Solar Shopping District in Buenos Aires, Argentina. This represents OneClick's sixth store in the country, with plans to open seven more new stores across Argentina.

Potential Comparables: 


Apple Inc. (NASDAQ:AAPL) - Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Samsung (OTC: SSNLF) - Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large-scale integrated circuit and light emitting diode.

Telmex International - Telmex is a Mexican telecommunications company headquartered in Mexico City that provides telecommunications products and services in Mexico, Argentina, Chile, Colombia, Brazil, Ecuador, Peru, Venezuela and other countries in Latin America. 

NII Holdings (NASDAQ:NIHD) - NII Holdings, Inc., through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. The company offers its services through wideband code division multiple access and long-term evolution networks. Its services include mobile telephone voice and wireless data, international voice and data roaming, and application-based radio connection services. The company also provides value-added services, including sports, music, and entertainment streaming capabilities; online education; and access to national and international WiFi hotspot networks.

For a more in-depth look at Cool Holdings Inc. (NASDAQ:IFON), please read the full report on WallStreetNation.com.

DISCLAIMER: WallStreetNation.com (WSN) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with WSN or any company mentioned herein. The commentary, views and opinions expressed in this release by WSN are solely those of WSN and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable WSN and FNM for any investment decisions by their readers or subscribers. WSN and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
 
 The Article and content related to the profiled company represent the personal and subjective views of the Author (WSN), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (WSN) has not independently verified or otherwise investigated all such information. None of the Author, WSN, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated forty five hundred dollars by WSN, a non-affiliated third party to distribute this release on behalf of Cool Holdings Inc.
 
 FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
 
 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSN and FNM undertake no obligation to update such statements.
 

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SOURCE MarketNewsUpdates.com


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