Overwhelmed electronics warehouses in Russia Russian News EN

“Izvestia”: electronic equipment warehouses in Russia were overcrowded

IN Russia electronics warehouses were overflowing, while sales of smartphones, tablets, wearable electronics and other gadgets in the country slowed in the second half of March. About this on Friday, March 31, they write “News” with reference to sources.

According to the publication’s interlocutors, since the beginning of 2023, and perhaps even since last December, the demand for electronic equipment has been falling. The drop from the same period in 2022 was around 30% and sales were down the same percentage from January 2023. “There’s a lot of product in the warehouses – some have more, some have less , but demand is falling and gadgets need to be sold,” the newspaper’s source said.

Associated materials:

At the same time, the technique Apple and Samsung are snapping up quickly, and Chinese gadgets from second-tier manufacturers or unknown brands have been waiting for buyers for a long time. The source of the publication estimates that the demand for gadgets could increase again by the start of the school season, that is, by the end of the summer. Valery Shershnev, Lead Product Manager of the company’s notebook division, also expects a revival in the market this summer.

At the same time, telecom operators themselves, as well as marketplaces, on the contrary, speak of an increase in sales. According to an employee of one of the distributors, the overstocking could be in the hands of buyers, as it will lead to trade wars between retailers and help drive down prices.

In January, the Russian Prime Minister Mikhail Mishustin sign a decree extending the simplified procedure for importing electronic devices into Russia until the end of 2023 in order to avoid a shortage against the backdrop of sanctions.

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